Ethereum jumped roughly 20% in the past 24 hours, marking its 8th-largest single-day gain since January 2018. Historical data compiled by analyst Jamie Coutts shows such moves produce mixed short-term results but strong longer-term returns. Of sixteen prior rallies of 15% or more, only eight were higher after 30 days, but twelve were higher after 180 days, with average returns reaching nearly 60% over six months. The rally coincided with a White House crypto meeting and a SEC fundraising proposal, while ETH trading volume surged 439% to about $32 billion.
Ethereum gained approximately 20% in 24 hours, ranking as the 8th-biggest single-day increase for the token since January 2018.
Historical data published by analyst Jamie Coutts examined every ETH day that rose 15% or more since 2018. Sixteen such moves have completed and been tracked.
The August 19 print of plus 18.5% trails just behind an 18.8% day in November 2022. The largest on record remains May 2021’s 24.5% gain, which was followed by a 25.3% decline over 30 days before turning positive by 180 days, rising 68%.
Of the sixteen completed cases, only eight were higher 30 days later, but ten were higher after 90 days, and twelve after 180 days. Average returns reached 20.6% at 90 days and 59.3% at 180 days.
Coutts said the numbers show odds that “skew meaningfully higher over the next 3 to 6 months.”
At the time of writing, ETH traded near $2,280 after briefly exceeding $2,300. CoinGecko data shows a nearly 18% daily gain, an almost 19% seven-day rise, and a roughly 17% increase over 30 days. 24-hour trading volume climbed to about $32 billion, up 439% from the prior day.
That move placed ETH well ahead of Bitcoin, which gained about 9% in 24 hours. The ETH/BTC ratio rose approximately 9% over the same period.
Buying pressure was unusually large. CryptoQuant contributor MorenoDV_ reported that ETH taker-buy volume reached $2.55 billion in one hour on August 19, the third-highest reading since February 7. The figure does not distinguish between new long positions and short positions being closed.
Trader Sykodelic noted that ETH moved back above its 200-day simple moving average before Bitcoin, identifying the $2,400 area as the next major range level.
The wider rally followed the August 19 White House crypto meeting, where President Donald Trump pushed Congress to advance the CLARITY Act, leading Bitcoin to spike toward $70,000. The SEC’s August 18 crypto fundraising proposal added another policy catalyst, including exemptions for offerings up to $5 million over four years or $75 million over 12 months, alongside a conditional safe harbor for certain tokens.
