Overview
- The move began with a breakout from about $1,900 on Aug. 19 and pushed ETH roughly 29–30% higher to trade around $2,400–$2,500 by Tuesday, Aug. 25.
- US-listed spot Ethereum ETFs recorded about $697.2 million in net inflows through Aug. 21, their strongest weekly result of 2026 and a source of direct buying pressure.
- CoinGlass data showed nearly $2.7 billion in short-seller losses across crypto over 24 hours, with about $1.1 billion tied to Ethereum, which accelerated the rally but left positions vulnerable.
- Short-term momentum is stretched with a daily RSI near 79 and upside liquidity clustered at $2,500–$2,550, while key supports sit near $2,410–$2,450 and $2,000–$2,080.
- Market participants will watch the weekly close, continued ETF inflows, custody transfers and staking figures for confirmation because a failed push above $2,550 could prompt profit-taking that affects both retail traders and institutional desks.