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Ethereum price jumps 3% to $2,397, fueled by ETF inflows and short liquidations.

Technical Signals
21 Aug 2026
Crypto news
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Bullish
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Ethereum's price surged 3% to around $2,397 on August 21, reaching an intraday high of $2,448 after a strong breakout driven by $189 million inflows into US spot Ether ETFs and over $1 billion in short liquidations. The rally pushed ETH past key resistance levels, with momentum indicators showing strong upward trends but also signaling overbought conditions. Upcoming resistance lies between $2,448 and $2,500, with a weekly close above $2,450 potentially opening the way to $3,000. Market watchers note that sustaining support above $2,000 is crucial to confirm the breakout's strength amid a favorable regulatory environment and improved bond market liquidity.

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