Ethereum price up surge sweeps market following Treasury shift

The global cryptocurrency market witnessed a dramatic rally on August 20, 2026, as the sudden Ethereum price up trend drove the second-largest digital asset to a peak of $2,295.96. This sharp single-session surge, representing a price increase of up to 19.8%, followed a key U.S. Treasury policy shift announced on August 19, 2026.This macro-driven rally was further accelerated by heavy short liquidations and renewed institutional investment. Corporate treasuries also accumulated the asset, removi