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Ethereum jumps past $2,430 as ETF inflows hit $221M, signaling strong institutional interest amid mixed whale activity.

Market News
21 Aug 2026
Coinpaper
View Source
Bullish
pluang ai news

Ethereum surged above $2,430, marking its highest level in about four months, driven by strong institutional demand and significant ETF inflows totaling $221 million on August 20. This rally coincides with a broader crypto recovery, including Bitcoin's brief rise above $79,000. Large holders show mixed behavior, with some withdrawing ETH from exchanges, indicating accumulation, while others are taking profits. This dynamic highlights the importance of whale activity as Ethereum approaches the key $2,500 resistance level, suggesting cautious optimism among investors.

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