On September 3, iShares Ethereum Trust ETF rose 5.21% in regular trading, trading at $18.9927/share, with turnover of $350 million. The rally came amid sustained institutional inflows and a wave of short liquidations across the ETH derivatives market.

On the news front, on-chain analytics platform Arkham reported that BlackRock clients net purchased over $1.02 billion worth of ETH through the ETHA ETF over the past nine trading days, with zero net outflow days recorded during the period. The estimated average purchase price stood at $3,060. Meanwhile, Coinglass data indicated that if ETH breaks above $2,555, cumulative short liquidation intensity across major centralized exchanges would reach approximately $988 million, creating significant upside pressure.

Supporting the bullish momentum, a prominent Hyperliquid trader known as the platforms largest long holder added 28,000 ETH in long positions, while a separate entity accumulated 29,500 ETH longs valued at $72 million. A major $191.6 million ETH short position held by trader pension-usdt.eth was liquidated at a loss of roughly $23.93 million, further amplifying short-squeeze dynamics. Bitwise CEO also highlighted that Ethereum remains one of only three crypto assets globally with ETF assets exceeding $1 billion.

(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.)