The Ether factory is in the top of the hierarchy after a series of liftings. On 25 August, ETH rose to $2532 and then fell around $2478, still about 29 per cent higher than the opening price on 19 August. Over the past week, the ETH surged from the vicinity of $1916 to 2000 and $2,200 and $2,400, ending the interstate shock in early August.

Continued ETF inflow

This round is not driven by leverage trading alone. The US-listed ETF recorded a net inflow of $697.2 million in five trading days up to August 21, the strongest single week since 2026, and the best since early October 2025.

During the same period, United States spot bitcoin ETF attracted a net inflow of US$ 19,118 million, with a combined consumption of about US$ 2.6 billion for both products. The continued inflow of funds suggests that market demand is not entirely dependent on short-term derivatives trading.

The settlement pushed the break and kept the increase.

The ETH before was fast up, accompanied by a large-scale liquidation of derivatives. The CoinGlass data show that the market for encryption has lost almost $2.7 billion in 24 hours, with a total of close to $3 billion in liquidation, of which the fare is about $1.1 billion.

The initial increase was amplified by a back-up, but after the peak of liquidation, ETH did not quickly return to the pre-break zone. Since 22 August, prices have remained roughly in the range of $2420 to $2530, indicating that many of the gains remain.

A short-line focus around $2550.

As seen from the liquidation heat, there is a high level of leverage over $2540 to $2570, and a follow-up liquidity distribution around $2600 to $2630. This means that if ETH continues to break $2550, it could trigger more empty silos, push prices for further testing at $2600 and then look at $2700.

The market analyst Ted Pillows considers $2500 to $2550 to be the main area of resistance. In his view, if the weekly line was over this zone, ETH would have had a better opportunity to continue to explore $3000.

Technical indicators show short-line overheat

At the solar level, ETH has been on the average of 20, 50, 100 and 200 days. Of these, 20 averages were around US$ 2079, 200 averages about US$ 2013, 50 averages about US$ 1950 and 100 averages close to US$ 1877. After breaking the 200-day average, the 2000-2080 area is gradually turning into an important support belt.

But short-line kinetic energy is already warming. The rise of the ETH Dayline RSI to 79.12 is above the common over-purchase range, which suggests that the energy for growth is still strong and that the pressure for high-level profit is increasing. 4 On the hour chart, the approximately $2344 Supertrenend support position is still functioning, and if it is not maintained, the short-line structure will be significantly weaker, the next support will be moved down to $2200, and the range 2000-2080.

Overall, ETH is in the process of sorting out after a strong rise. ETF inflows and pre-liquidation facilitated the expansion of the situation, but the proximity of $2550 remained key in determining the short-term direction.