TLDR Ethereum currently trades around $2,507, marking a 7.8% increase from its Aug. 21 opening level of $2,326 Spot Ethereum ETFs in the US saw $697.2 million in net inflows during their most
Ethereum (ETH) has successfully maintained its position above the $2,500 threshold following a remarkable week characterized by substantial ETF activity, expanding stablecoin market capitalization, and an exceptional liquidation cascade.
Ethereum (ETH) PriceOn Aug. 27, ETH was exchanging hands near $2,507, representing approximately 7.8% growth from its Aug. 21 starting price of $2,326. The digital asset momentarily reached a weekly peak around $2,566 before consolidating within a narrow band surrounding the $2,500 threshold.
The upward price movement gained traction following the US Treasury’s Aug. 19 announcement regarding its intention to increase long-end bond buyback operations from $2 billion to at least $4 billion per transaction, effective Sept. 9. Market participants interpreted this development as favorable for liquidity-dependent assets including cryptocurrencies.
Subsequently, an extraordinary liquidation event swept through the market. Approximately $3 billion worth of leveraged positions were eliminated within a 24-hour period, with short positions accounting for roughly 92% of liquidations. ETH experienced an approximate 18% price increase throughout this episode. This represented the most significant concentrated liquidation event since November 2021.
Spot Ethereum ETFs listed in the United States accumulated approximately $697.2 million in net inflows throughout the week concluding Aug. 21. This marked their most robust weekly showing in 2026 and contributed to a combined $2.6 billion flowing into US-traded Bitcoin and Ethereum investment vehicles.
Source: SoSoValue Across eight consecutive trading sessions, ETH ETFs attracted $1.18 billion in net capital. This represents the most extended positive sequence since April and the largest eight-day accumulation since October, based on SoSoValue analytics.
Stablecoin supply experienced parallel growth. The aggregate stablecoin market capitalization expanded by approximately $4.1 billion during the previous two weeks, with $2.37 billion materializing within the last seven days. This marks the first sustained two-week growth period since mid-May.
The amount of staked ETH continued its upward trajectory, achieving 42.4 million Ethereum, which constitutes 34.7% of total circulating supply.
Market analyst Ted Pillows identified $2,550 as the critical resistance threshold. His analysis suggests that a daily closing price exceeding $2,550 could catalyze a 10–15% advance and establish a trajectory toward $3,000.
$ETH just had another bullish breakout.
A daily close above $2,550 could result in a 10%-15% rally. pic.twitter.com/p4uHKq03FM
— Ted (@TedPillows) August 27, 2026
Daily chart analysis reveals $2,656 as the subsequent technical objective, with $2,812 and $2,969 representing additional milestones. The 14-day Relative Strength Index currently registers near 77, indicating overbought conditions, which suggests potential consolidation before additional upward movement.
A three-day liquidation heatmap provided by CoinGlass reveals the most substantial leverage concentration positioned near $2,545–$2,555, establishing this zone as the immediate objective for continued upward price action.
Downside support levels worth monitoring include $2,432, $2,343, and $2,187.
The post Ethereum (ETH) Surges Past $2,500 Milestone on Record ETF Demand — Is $3,000 Within Reach? appeared first on Blockonomi.
