On August 20, iShares Ethereum Trust ETF rose 7.05% overnight, trading at $17.02/share, with turnover of $123,400.

On the news front, Ethereum surged past $2,700, reaching as high as $2,720 to set a new all-time high, driven by sustained bullish momentum. The rally triggered cascading short liquidations across the market, most notably the forced closure of a major ETH short position held by Hyperliquid trader pension-usdt.eth, involving approximately $108.18 million in exposure and resulting in a loss of roughly $26.66 million. Earlier data from Coinglass indicated that an ETH breakout above $1,980 would trigger $859 million in cumulative short liquidation intensity across major centralized exchanges, a threshold that has since been far exceeded.

Institutional activity further supported bullish sentiment, with BlackRock purchasing approximately 301.77 ETH from Coinbase Prime and a whale withdrawing 50,000 ETH from Binance for immediate staking, bringing total holdings to 90,000 ETH valued at approximately $170 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)