Investment
Features
FeesSafety
Academy
More
Pluang+

Ethereum buying surges with $1B demand as supply on exchanges drops, signaling strong spot-led accumulation.

Market News
29 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Ethereum has seen significant buying activity recently, including a $13.55 million whale purchase and 40,000 ETH moved from Binance worth over $100 million. Institutional interest is strong, with BlackRock's ETHA ETF accumulating nearly $890 million over eight days. Meanwhile, ETH reserves on exchanges have dropped to 14.93 million, reducing available supply. U.S. spot demand is rising, indicated by a positive Coinbase Premium Index, while leverage remains controlled. This spot-driven buying suggests a healthy accumulation phase, though rising leverage could pose future risks.

More News (ETH)

Ethereum dips 3.6% to $2,420 amid profit-taking but spot ETFs see strong inflows over $234M.

Ethereum dips 3.6% to $2,420 amid profit-taking but spot ETFs see strong inflows over $234M.

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 Augus...

Market News
Bullish
5 hours ago
Ethereum eyes $3,000 after strong ETF inflows and key $2,550 resistance test

Ethereum eyes $3,000 after strong ETF inflows and key $2,550 resistance test

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...

Analyst Insights
Bullish
13 hours ago
Bitmine receives 20,000 ETH from Kraken, signaling new accumulation activity.

Bitmine receives 20,000 ETH from Kraken, signaling new accumulation activity.

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...

Technical Signals
Bullish
14 hours ago
Bitcoin gains momentum amid US debt concerns and rising institutional investment.

Bitcoin gains momentum amid US debt concerns and rising institutional investment.

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...

Market News
Bullish
15 hours ago
Ethereum's sell pressure spikes as Binance ETH taker buy/sell ratio falls to 0.81, signaling bearish market sentiment.

Ethereum's sell pressure spikes as Binance ETH taker buy/sell ratio falls to 0.81, signaling bearish market sentiment.

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...

Market News
Bearish
15 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App