Ethereum ETF inflows jump to $245 million, whale accumulation surges

ETF inflows reach four-month highs

The weekly net inflows into spot Ethereum ETFs pushed total cumulative inflows to $11.46 billion. Over the same period, weekly trading volume climbed to $2.38 billion. Bitcoin ETFs also brought in $98.85 million on August 7, securing their fifth consecutive day of positive flows. Ethereum ETFs alone reported $49.60 million of net inflows that day, maintaining their own four-session winning streak.

The increase in ETF inflows followed a steady pattern, with $105.44 million reported on July 17 and $103.90 million on July 24, before the sharp uptick seen in early August.

Large whale purchases drive sentiment

Major Ethereum holders intensified accumulation in recent sessions. Two wallets collectively acquired 80,000 ETH, valued at $152 million. One whale withdrew 30,000 ETH worth $57.21 million from Coinbase Prime, dispersing funds across multiple new wallets. Another wallet obtained 50,000 ETH, worth $95.73 million, from an address linked to Fidelity.

The Ethereum Whale Sentiment Index stayed above 60 for two days and has now spent six consecutive days above 50, indicating sustained accumulation. The index currently reads near 66, underscoring heightened interest among large holders.

Not all whales are increasing exposure, however. A veteran investor recently sold 7,323 ETH for $13.96 million, realizing a $6 million loss after holding those positions since 2022 at an average acquisition price of $2,723.

Technical signals and key price levels ahead

Technical analysis shows Ethereum’s monthly chart generated two TD Sequential buy signals in the previous month—a black 9 and an S13. According to analyst Ali Charts, all monthly TD Sequential signals for ETH over the last four years have successfully identified the direction of each major trend. These included a -75% correction in April 2022 and a rally of 236% in September 2022. Based on this precedent, the current signals could open a path toward the $3,000 mark if historical patterns repeat.

Every TD Sequential signal on ETH’s monthly chart has closely matched the start of major moves, raising the potential for a rally targeting $3,000 in the coming months.

At present, ETH’s Relative Strength Index (RSI) measures 61.03, which sits in a bullish but not yet overbought region. The Moving Average Convergence Divergence (MACD) line at 10.31 remains slightly above its signal line of 9.85, with a modestly positive histogram of 0.46.

ETH now trades above its 20-day and 50-day moving averages while testing resistance at the 100-day moving average. A breakout above this level could lead directly to the 200-day EMA, currently at $2,147. If ETH surpasses the critical $1,920 resistance level, targets at $1,960 and the psychological $2,000 threshold are expected to come into view. If the price fails to hold above $1,920, initial support is found at $1,880, while $1,860 may serve as further downside protection.

Amid these technical movements, platforms that simplify portfolio diversification are gaining attention. 1stepSwap, for example, allows users to transfer real-world assets such as major U.S. company stocks and commodities like gold and silver directly onto the blockchain. Investors can access these assets instantly from their wallets, while the platform automatically identifies the best market prices for buying and selling the world’s largest stocks, supporting seamless and efficient portfolio management.

Regulatory developments remain important for market sentiment. The U.S. Senate has initiated the first voting round on the CLARITY Act, which requires at least 60 votes to proceed to a potential September floor vote.