Ethereum Breaks $2,500 as Stronger US Demand and Fund Holdings Fuel Rally

Ethereum's price has broken through the $2,500 barrier after several days of strong bullish momentum, strengthening its short-term market structure.

The daily candle closed above this key supply zone on August 21st, turning former resistance into a crucial support level for buyers to defend.

Three metrics are supporting Ethereum's bid towards $3,000: stronger U.S. demand, rising Fund Holdings, and lower system-wide leverage.

The Coinbase Premium Index surged 60%, indicating that U.S. buying is outpacing other markets, while Fund Holdings reached a weekly high of 5.8 million ETH, worth approximately $14.5 billion at the current price.

The MVRV Z-Score stood at -1.012, showing that Ethereum's valuation is not yet overheated.