Ethereum Price Hits Speed Bump as Profit-Taking Combines with Forced Liquidations
Ethereum's price surge has hit a speed bump over the weekend, as profit-taking and forced liquidations combined to send the cryptocurrency lower. The pullback follows a blistering seven-day advance that saw Ethereum rise by around 28-30% - one of the strongest showings among major digital assets.
ETH was changing hands around $2,375-$2,413 on Sunday, down between 4.2% and 5.7% depending on the data feed. This decline was hardly unexpected, as technical indicators had been flashing warning signs for days, with the 14-day Relative Strength Index peaking between 78-88 before settling near 73-77 - territory that historically precedes short-term corrections.
The rally that preceded this pullback was powered by an extraordinary wave of institutional demand. Spot Ethereum ETFs recorded net inflows of $697 million in the week through August 21, the largest weekly total since October 2025, according to data cited by The Block. Assets under management across these products reached $14.3 billion, equivalent to roughly 4.85% of Ethereum's total market capitalization.