Ethereum's price fell 3.6% to around $2,420 following a strong rally in August, driven by profit-taking as prices surpassed the average acquisition cost of $2,306. Despite the dip, U.S. spot Ethereum ETFs attracted $234.51 million in inflows on August 27, marking a nine-day streak of positive flows and the largest weekly inflow in nearly ten months. A major wallet also accumulated 5,425 ETH near the $2,500 resistance level, signaling confidence among large investors. Market indicators show cautious momentum with key support at $2,431 and resistance at $2,680, while blockchain activity and futures data suggest mixed signals about the rally's sustainability.
Ethereum traded around $2,519 on August 28, 2026, gaining over 10% in the past week and 34% in the last month. Strong institutional demand pushed $1.185 billion into Ethereum ETFs over eight days, supporting price momentum. Technical analysis highlig...
On-chain data from Lookonchain reveals that Bitmine, chaired by Tom Lee, has received an inflow of 20,000 ETH from the crypto exchange Kraken. This transfer suggests Bitmine is accumulating more Ethereum, although the company has not officially confi...
Bitcoin has seen a short-term price rebound driven by growing institutional interest and macroeconomic factors, particularly the rising US federal debt which surpassed $40 trillion. This debt increase weakens the US dollar, prompting investors to see...
Ethereum's taker buy/sell ratio on Binance dropped to 0.81, indicating that aggressive sell orders outnumber buy orders by a significant margin. This ratio, which measures market buy versus sell orders in ETH perpetual futures, suggests strong sell-s...
Digital asset investment products attracted $1.65 billion in inflows over the first three trading days this week, led by Bitcoin and Ethereum, following a record $2.94 billion the previous week. CoinShares highlights a growing U.S. power grid constra...
