Ether has gained more than 30% in one week, rising from a low near $1,900 to around $2,470 after briefly moving above $2,500. Short liquidations (forced closures of bearish trades) added buying pressure, with more than $130 million in ETH positions liquidated over 24 hours, according to Coinglass data on August 25 at 20:28 IST. The weekly rise was Ether’s largest since May 2025 and, before that, July 2021. Technical resistance is concentrated between $2,500 and $2,600, with the 200-period EMA (exponential moving average) near $2,462.8 and the 100-week EMA around $2,548 to $2,558. A rejection could focus traders on $2,456, $2,375 and about $2,085, while a sustained break above $2,600 could clear a resistance zone that has previously capped the asset. Demand has also been supported by about $116 million in recent U.S. spot Ether ETF inflows, including $90.92 million for BlackRock’s ETHA, and BitMine Immersion Technologies’ purchase of 32,447 ETH for roughly $81 million. As of August 23, BitMine held 5,847,611 ETH worth about $14.3 billion at an ETH price of $2,440, with 5,067,309 ETH, or about 87% of its holdings, staked. The company estimated annualized staking revenue of about $330 million. Futures volume reached $61.06 billion, open interest fell 1.25% to $32.97 billion and options volume rose 26.37% to $1.45 billion as ETH approached resistance.