Ethereum's price surged past $2,200 on August 19, marking its highest level since June 2026.
The broad cryptocurrency rally and Bitcoin nearing $70,000 drove Ethereum's growth, with an 8% increase in just 24 hours.
US Treasury's increased long-term bond buybacks boosted market liquidity, supporting the surge.
Ethereum spot ETFs saw a significant influx of capital, indicating growing institutional interest.
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