Key Highlights
- Ether has gained over 30% in one week, surging from around $1,900 to above $2,500 before pulling back.
- Short liquidations and strong buying helped push ETH higher, with over $130 million in positions liquidated in 24 hours.
- ETH now faces resistance at $2,500-$2,600, while ETF inflows and BitMine’s large ETH purchases continue to support demand.
Ethereum (ETH) has gained more than 30% in one week, rising from a weekly low near $1,900 to around $2,470 after strong buying and a wave of short liquidations briefly pushed the token above $2,500, according to CoinMarketCap data (on August 25 at 20:28 IST).
The rally has coincided with renewed inflows into U.S. spot Ether ETF, while short liquidations have added to buying pressure. The move has been one of Ether’s strongest weekly gains in more than a year.
Ether records strong weekly gain
According to data from CoinMarketCap, Ether’s weekly gain is its largest since May 2025 and, before that, July 2021. The asset moved from around $1,900 toward $2,500 as buyers returned to the market and traders betting against the token were forced to close their positions.
This short liquidation helped make the rally move faster. When a trader has a short position and ETH surges instead of falling, the trader may be forced to buy ETH to close the position. That buying can push the price even higher and force more short traders to exit.
About $130 million in ETH positions were liquidated in the last 24 hours alone, according to data from Coinglass (on August 25 at 20:28 IST).
ETH faces a resistance zone
However, the rally is approaching a resistance zone.
According to the weekly chart via TradingView, the 200-period exponential moving average is around $2,462.8. Another key level, the 100-week EMA, is around $2,548 to $2,558, making these levels important for traders to observe.
Ethereum is also trading around its 50-week EMA near $2,375 and its 200-week EMA around $2,456. At the same time, its weekly relative strength index (RSI) has climbed to about 59.60. An RSI above 50 generally suggests buyers are controlling the market.
In short, the $2,500-$2,600 area remains a key test. A rejection could put $2,456, $2,375, and around $2,085 in focus, while a sustained break above $2,600 could mark a move beyond a resistance zone that has previously held back the asset.
BitMine adds more Ether to its holdings
Institutional investors are also adding another part to the story.
The Crypto Times recently reported that Bitmine Immersion Technologies bought 32,447 ETH last week for roughly $81 million. As of August 23, the company held 5,847,611 ETH, worth about $14.3 billion based on an ETH price of $2,440. The holdings represented about 4.8% of Ethereum’s estimated 120.7 million circulating supply.
Bitmine also reported that 5,067,309 ETH, or about 87% of its holdings, was staked as of August 23. The company estimated annualized staking revenue of about $330 million from its current activity.
ETF demand adds more buying pressure
U.S. spot Ether ETFs have also recorded inflows during the rally.
According to data from SosoValue, the ETFs recorded about $116 million in recent inflows in the last one week, with BlackRock’s ETHA accounting for $90.92 million.
At the same time, trading activity has increased during the rally. Data from Coinglass (on August 25 at 20:28 IST) showed that futures volume reached $61.06 billion, up 3.79% on the day, while open interest dropped modestly by 1.25% to $32.97 billion. Options volume also climbed 26.37% to $1.45 billion. These figures show that trading activity has expanded as Ether moved toward the resistance area.
Also Read: Ethereum (ETH) Price Crosses $2,500: Analysis, Prediction & What’s Next?
