Bullish
Ethereum (ETH) reaches $2,504, marking a 28% gain over the past week.
Over the past week, Ethereum (ETH) has surged approximately 28%, reaching a price of $2,504. This rally is driven by significant institutional inflows into Ethereum exchange-traded funds (ETFs) and a substantial short squeeze in the derivatives market. Additionally, the network has seen a record 34% of its supply locked in staking, indicating strong investor confidence.
Key points
- Institutional investors have poured over $900 million into Ethereum ETFs this month, with a record $220.8 million inflow on August 20.
- A significant short squeeze in the derivatives market has contributed to the recent price surge, with over $1.6 billion in short positions liquidated.
- Approximately 34% of Ethereum's total supply, over 41 million coins, are now locked in staking, reflecting increased investor confidence.
- Ethereum's current price of $2,504 is 49.4% below its all-time high of $4,953.73, set on August 24, 2025.
Sources
- Ethereum Price Prediction: ETH Eyes $3,300 as ETF Inflows Hit $700MFXEmpire · August 24, 2026
- Ethereum (ETHUSD) Is up 1.02% on Aug 24: What Do On-Chain Data and Market Sentiment Show?TradingKey · August 24, 2026
- Ethereum changes the rules of the game: ETFs, staking, and stablecoins create a new growth driverRoboForex · August 18, 2026
- Ethereum Holds $2,504 Exactly a Year After Its $4,953 RecordInvesting.com · August 24, 2026
AI-generated from public news sources. Not financial advice.
