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Ethereum breaks $2,200 for first time since June 2026 amid crypto market surge and strong ETF inflows.

Market News
20 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Ethereum surged past $2,200 on August 19, marking its highest level since June 2026, driven by a broad cryptocurrency rally and Bitcoin nearing $70,000. The price rose about 8% in 24 hours, supported by the US Treasury's increased long-term bond buybacks, which boosted market liquidity. Ethereum spot ETFs saw $71.47 million in net inflows, indicating growing institutional interest. The strong momentum pushed Ethereum into overbought territory, with potential to test higher resistance levels if the trend continues.

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