Ethereum price reached $2,508 after a 4.1% gain in 24 hours, breaking above the $2,500 resistance level after months of struggle. The MVRV ratio crossed back above 1.00 on August 21, 2026, for the first time in 200 consecutive days, indicating that holders are back in profit and the price has recovered above the realized price of around $2,300. A major whale sold its entire position of 167,855 ETH worth approximately $408 million over a period of five days, with $174 million already deposited on platforms such as OKX, Binance, and Bybit, adding selling pressure on the price. Despite record inflows into Spot Ethereum ETFs ($365 million in July, $1.85 billion in August), ETH has yet to establish $2,500 as solid support.
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