Ethereum (ETH) Price: ETH Surges Above $2,500 as Short Squeeze and ETF Inflows Drive Rally

TLDR

• ETH rose above $2,500 for the first time since mid-April, up 8% on Friday
• US spot ETH ETFs recorded $512.4 million in net inflows over four consecutive days
• Over $1.69 billion in short positions were liquidated over three days
• ETH futures volume hit $94.42 billion in 24 hours
• Traders are eyeing $3,000 as the next price target

Ethereum climbed above $2,500 on Friday, reaching its highest level since mid-April. The move came after a 20% single-day surge on August 19, which Coin Bureau described as ETH’s largest one-day gain since May 2025.

ETH gained 26.4% over seven days and 23.5% over 30 days. The token spent most of August trading below $2,000 before the breakout.

US spot Ethereum ETFs have been a key driver. The products recorded $220.7 million in net inflows on Thursday alone, bringing the four-day total to $512.4 million. Coin Bureau called this the biggest ETF inflow streak since September 2025.

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