The post Ethereum price rally overheats below $2,550 resistance appeared on BitcoinEthereumNews.com.
Ethereum price traded near $2,478 on Aug. 25 after gaining roughly 30% over seven days, but an overbought daily reading and concentrated liquidity around $2,500–$2,550 could decide whether the rally extends toward $3,000 or enters a deeper pullback. Summary Ethereum price rose from about $1,916 on Aug. 19 to a seven-month high above $2,500. US spot Ethereum ETFs attracted $697.2 million during their strongest inflow week of 2026. The daily RSI reached 79.12, placing ETH firmly within overbought territory. A weekly close above $2,550 could open the way toward $2,700 and $3,000. Ethereum price holds most of its 30% weekly gain According to data from crypto.news, Ethereum (ETH) price was trading at approximately $2,478 at the time of writing, having eased from an intraday high of $2,532. The asset remains roughly 29% above its Aug. 19 opening price of $1,916. The rally carried ETH through $2,000, $2,200, and $2,400 in less than a week, reversing a long period of subdued price action. Ethereum had largely traded between $1,800 and $1,950 during the first half of August before the breakout began. The initial move coincided with an unusually large derivatives reset. CoinGlass data showed that short sellers across the crypto market lost nearly $2.7 billion within 24 hours, while total liquidations approached $3 billion. Ethereum accounted for about $1.1 billion of the forced closures, according to separate reports citing the same dataset. Short covering helped accelerate the initial advance, but ETH has retained most of those gains after the liquidation wave faded. Price has consolidated between approximately $2,420 and $2,530 since Aug. 22 rather than returning to its pre-breakout range. US ETF inflows support Ethereum demand US-listed spot Ethereum ETFs recorded $697.2 million in net inflows during the five trading sessions through Aug. 21. It was their strongest weekly result of…