Ethereum jumps 19.25% after Treasury buyback expansion as ZROZ draws record inflow

Ethereum's sharp rally extended with the token trading near $2,280 after briefly moving above $2,300, a roughly 20% jump in 24 hours that ranks as its eighth-biggest single-day gain since January 2018 based on data compiled by analyst Jamie Coutts. The historical record for ETH days with gains of 15% or more shows short-term follow-through has been uneven, but performance has tended to improve over longer holding periods: of 16 completed cases, eight were higher after 30 days, 10 were higher after 90 days and 12 were higher after 180 days, with average returns of 20.6% at 90 days and 59.3% at 180 days. CoinGecko data showed ETH up nearly 18% on the day, almost 19% over seven days and about 17% over 30 days, while 24-hour trading volume surged to roughly $32 billion, up 439%. The move outpaced Bitcoin, which gained about 9% over 24 hours, lifting the ETH/BTC ratio by about 9%. CryptoQuant contributor MorenoDV_ said ETH taker-buy volume hit $2.55 billion in one hour on Aug. 19, the third-highest reading since Feb. 7, though that figure does not distinguish between new longs and short covering. Trader Sykodelic said ETH had reclaimed its 200-day simple moving average before Bitcoin and had earlier identified the $2,400 area as the next major range level. The wider crypto rally followed the Aug. 19 White House crypto meeting, where President Donald Trump urged Congress to advance the CLARITY Act, and the SEC's Aug. 18 crypto fundraising proposal, which included exemptions for offerings of up to $5 million over four years or $75 million over 12 months, plus a conditional safe harbor for certain tokens.