Tonight, 3 things:
ETH has climbed for five straight days, breaking $2,300. Today it’s at $2,398, up +5.3% over the past 24h. ATH: $4,946, yet it’s still down 51%.
Whales are still moving coins. On Aug 17, 0x8447 withdrew 5,300 ETH from Kraken, about $10M. Whale activity is accelerating.
The ETF hasn’t caught up. From Aug 10–14, net outflows for the spot ETH ETF were $2.26M, while同期 BTC ETF outflows were $390M. As the coin rises, institutions pull back—signals are splitting.
One more: ETH staking volume is at an ATH—37–38M ETH makes up 30–33% of supply. Coinbase premium is mostly negative for 2026, and U.S. buying demand is weaker than overseas.
There may be opportunities in the short term, but for the medium term, watch the ETF’s mood. That’s all for now.
ETH has climbed for five straight days, breaking $2,300. Today it’s at $2,398, up +5.3% over the past 24h. ATH: $4,946, yet it’s still down 51%.
Whales are still moving coins. On Aug 17, 0x8447 withdrew 5,300 ETH from Kraken, about $10M. Whale activity is accelerating.
The ETF hasn’t caught up. From Aug 10–14, net outflows for the spot ETH ETF were $2.26M, while同期 BTC ETF outflows were $390M. As the coin rises, institutions pull back—signals are splitting.
One more: ETH staking volume is at an ATH—37–38M ETH makes up 30–33% of supply. Coinbase premium is mostly negative for 2026, and U.S. buying demand is weaker than overseas.
There may be opportunities in the short term, but for the medium term, watch the ETF’s mood. That’s all for now.
