Ethereum (ETH) Price Surges 18% as BlackRock Leads $189M ETF Inflows - Is $2,500 Next?

TLDR

• Ethereum surged over 18% in 24 hours, currently trading around $2,375
• U.S. spot Ethereum ETFs recorded $189.15 million in daily net inflows on Aug. 19 — the largest in 10 months
• BlackRock’s ETHA led ETF inflows with $122.12 million in a single day
• Multiple whales withdrew over 150,000 ETH from Binance over recent weeks
• $2,500 is the key resistance level bulls need to reclaim for a mid-term bullish shift

Ethereum is trading at $2,375 after rallying more than 18% in 24 hours, pushing through several key price zones including $2,000, $2,100, and $2,200 before hitting an intraday high of $2,318.66.

The move was driven by a mix of whale activity, ETF inflows, and a breakout from a weeks-long accumulation range.

On August 19, U.S. spot Ethereum ETFs recorded $189.15 million in daily net inflows — the largest single-day figure in 10 months. That buying pressure came ahead of the 18% price surge.

Biggest ETF Day Since May, BTC Back Above $70K

Aug 19 BTC & ETH ETF Net Flows: +$684.4M

… Continue reading the full article at the original source below.