Key Highlights ETH jumped more than 18% within a 24-hour period, now hovering near $2,375 Spot Ethereum ETFs in the U.S. saw $189.15 million in net inflows on Aug. 19—a 10-month record BlackR
Ethereum has climbed to $2,375 following an explosive 18% gain over the past day, breaking through multiple resistance zones at $2,000, $2,100, and $2,200 before reaching an intraday peak of $2,318.66.
Ethereum (ETH) PriceThis dramatic price action stemmed from a combination of large holder accumulation, institutional ETF demand, and a technical breakout from a prolonged consolidation phase.
August 19 marked a pivotal moment for U.S. spot Ethereum ETFs, which logged $189.15 million in net daily inflows—the strongest single-day performance in nearly a year. This institutional buying wave preceded the dramatic 18% price rally.
Biggest ETF Day Since May, BTC Back Above $70K
Aug 19 BTC & ETH ETF Net Flows: +$684.4M
Three straight inflow days, +$1.08B combined. BTC now tradesat $71,653, up 9.7% in 24 hours and back above $70K for thefirst time since early June.
BTC: +$507.3MIBIT (BlackRock):… pic.twitter.com/UOBwN2349T
— CoinMarketCap (@CoinMarketCap) August 20, 2026
BlackRock’s ETHA product dominated the inflow activity with $122.12 million, representing approximately 58,240 ETH. The fund’s total net inflows have now surpassed $11.85 billion, with assets under management approaching $6.52 billion.
Fidelity’s FETH captured $36.54 million during the same period, while Grayscale’s Ethereum ETF brought in an additional $16.04 million.
Large holder activity intensified throughout the price surge. Address 0x2d59 extracted 30,000 ETH valued at approximately $67.42 million from Binance. This address has accumulated 120,000 ETH—totaling roughly $237.7 million—from Binance during the past three weeks.
Abraxas Capital similarly withdrew 18,000 ETH worth $39.56 million, while a freshly created wallet removed an additional 6,704 ETH valued at about $14 million during the same timeframe.
The total Ethereum held on exchanges has declined by 15% across 11 weeks, dropping from 7.70 million on June 2 to 6.54 million by August 18, based on Santiment analytics.
One major player established a 4x leveraged long position involving 20,000 ETH worth $45.38 million on Hyperliquid, currently holding an unrealized gain of $6.66 million.
Trader Michael Van de Poppe highlighted ETH’s performance as a significant market development, with the token touching the 0.033 BTC ratio. He identified potential pullbacks as strategic entry points while ETH advances toward stronger levels relative to Bitcoin.
An absolutely amazing move of $ETH.
I don't think it will continue to run in one go, but it's quite clear that we're currently in a bull market.
Swept all the way towards 0.033 BTC and very likely retraces are for buying. pic.twitter.com/Fw7ZeM10UW
— Michaël van de Poppe (@CryptoMichNL) August 20, 2026
Social media analyst Ted (@TedPillows) described ETH’s latest price candle as “an absolute monster,” noting that $2,500 represents the next major hurdle. He emphasized that successfully reclaiming that zone would eliminate the possibility of establishing a new low.
$ETH had an absolute monster candle yesterday.
The next resistance for Ethereum is around $2,500 and if ETH reclaims it, it won't drop to a new bottom. pic.twitter.com/qpVqGY2NQ3
— Ted (@TedPillows) August 20, 2026
The Bull/Bear Power metric registered its strongest yearly reading at approximately 528. Meanwhile, large transaction volume surged from 2,690 to 6,910 within 24 hours—representing nearly a threefold spike.
ETH initially signaled a potential floor on June 6, bouncing from $1,549 and establishing a double bottom formation with the neckline at $1,800 successfully breached. The asset currently trades at $2,375.
The post Ethereum (ETH) Rockets 18% Higher as BlackRock Fuels Record $189M ETF Inflows—$2,500 in Sight? appeared first on Blockonomi.
