India, Aug. 20 -- Ethereum Price Today (20 August): Ethereum has suddenly shifted from a quiet summer trading pattern to one of the crypto market's strongest rallies, with ETH breaking above $2,000 and briefly moving past $2,100. The sharp move came as the US Treasury announced larger buybacks of long-term government bonds, easing pressure in the bond market and improving appetite for riskier assets.

Ethereum gained more than Bitcoin during the rally, while heavy short liquidations added further buying pressure across cryptocurrencies.

ETH now faces a crucial technical test near its 200-day exponential moving average, making the next few sessions important for determining whether the move marks a genuine trend reversal or another short-...