Ethereum rallies 29% as spot ETFs see biggest inflow since Oct and whales move large ETH amounts off Binance.
Ethereum surged past $2,430, its highest since mid-April, gaining 29% in a week as US spot ETFs absorbed $220 million on August 20, the largest daily inflow since October 2025. Large holders, or whales, showed mixed behavior by withdrawing over 54,000 ETH from Binance while others sold at higher prices, indicating varied confidence above $2,400. Total net assets in Ethereum ETFs reached $13.58 billion, signaling strong institutional demand. This rally also coincided with Bitcoin reaching $79,000, its highest since mid-May, highlighting broader crypto market strength.
Ethereum surged past $2,430, its highest since mid-April, gaining 29% in a week as US spot ETFs absorbed $220 million on August 20, the largest daily inflow since October 2025. Large holders, or whales, showed mixed behavior by withdrawing over 54,000 ETH from Binance while others sold at higher prices, indicating varied confidence above $2,400. Total net assets in Ethereum ETFs reached $13.58 billion, signaling strong institutional demand. This rally also coincided with Bitcoin reaching $79,000, its highest since mid-May, highlighting broader crypto market strength.
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