In this video Benjamin talks about: Ethereum - Dubious Speculation. Video by Benjamin Cowen.
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Today 24-8-2026 Ethereum (ETH) trades around $2,420 to $2,520 USD following a strong weekly rally of roughly 30%. Prices surged due to macro liquidity shifts, short liquidations, and growing interest from large miners shifting focus back to ETH.
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Insights Today
-Overbought Technical Pullback Risk: Following the massive summer short squeeze that forced short-sellers to liquidate billions in positions, ETH's Relative Strength Index (RSI) is flashing highly stretched, overbought signals near 72. Analysts warn that while the macro trend remains highly bullish, a healthy short-term cooling phase or consolidation toward immediate support levels around $2,800 is expected.
-Surging Institutional Demand via Spot ETFs: Sentiment is heavily propped up by massive institutional interest. Ethereum Spot ETFs registered a colossal $697 million net inflow for the tracking week ending August 21. BlackRock’s ETHA fund single-handedly commanded the lion's share, driving $537 million of those net inflows.
-Macro Events & Central Bank Speeches Focus: The entire crypto ecosystem is moving into a cautious holding pattern today as global markets look ahead to the upcoming Jackson Hole Economic Policy Symposium (August 27–29). Traders are holding back big bets ahead of Federal Reserve Chair Kevin Warsh's highly anticipated debut speech on monetary policy and interest rate paths.
-Ecosystem Stability Updates: In protocol news, Ledger CTO Charles Guillemet addressed recent security rumors on social media. He confirmed that a minor bug affecting the Ethereum application’s signature process was quietly and fully patched two weeks ago, assuring users that network interactions remain safe.
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