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Ethereum (ETH-USD) Tops $2,000 As Short Squeeze And ETF Inflows Fuel Rally

Summary by Seeking Alpha
Ethereum (ETH-USD) has broken out of its prolonged consolidation, decisively clearing $2000 amid a massive short squeeze. Over the past 24 hours crypto market liquidations approached $3 bln.

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Ethereum has again exceeded $2,000, with an increase of 9.84 per cent in 24 hours that leaves the price at $2,081. The rebound comes after several weeks below that level and coincides with the fall of the U.S. Treasury yields and with new institutional purchases in the ETFs of each other. The volume of negotiation reached 13,690 million dollars, 71% above the average of the last 30 days. A jump like this is usually interpreted as a sign of convi…

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FXStreet broke the news on Wednesday, August 19, 2026.
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