Ethereum Breakout Hinges on Resistance at $2,443

Ethereum's price surged to $2,431.4 after advancing by 2.94% over the past day.

The asset currently sits below its short-term moving average but remains above key medium- and long-term benchmarks.

A notable development in Ethereum's recent performance is the significant increase in US-listed spot ETF inflows, which reached $221 million on August 20, 2026. This influx of institutional capital was led by BlackRock's ETHA ETF, which added $173 million to its allocations.

The surge in spot ETF activity has been accompanied by historically low exchange reserves and record net inflow levels, intensifying demand while diminishing available supply.