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Ethereum jumps 18% in 24 hours, breaking key resistance and nearing $2,500 target

Technical Signals
20 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Ethereum surged 18% in 24 hours, breaking out of a five-week range and reaching $2,252.80 with a weekly gain near 19.65%. Trading volume spiked 402%, confirming strong buyer interest, while RSI hit overbought levels at 92.14. Key resistance lies between $2,431 and $2,500, with $2,636 as the next target if the rally continues. Two large whale traders hold $98 million in short positions near $2,273, which could trigger further buying if liquidated, but failure to hold above $2,003 support could weaken the breakout.

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