Ethereum (ETH) Price: ETH Surges Toward $2K as Big Money Moves In From All Sides

TLDR

• Ethereum ETFs pulled in $244.94 million this week, the biggest weekly inflow in nearly four months
• Two whales accumulated 80,000 ETH worth $152 million, pushing the Whale Sentiment Index to 66
• ETH is trading near $1,923 and must clear $1,920 resistance before targeting $1,960 and $2,000
• A long-term whale sold 7,323 ETH at a $6 million loss after holding since 2022
• The U.S. Senate opened the first voting stage on the CLARITY Act, which could move to a September vote

Ethereum is trading near $1,923, up about 1% in 24 hours. The price recovered from $1,820 last week and has been moving inside an ascending channel through August.

Ethereum ETFs recorded $244.94 million in weekly inflows, the strongest week in nearly four months. Cumulative net inflows now stand at $11.46 billion. Weekly trading volume reached $2.38 billion.

Analyst Ted (@TedPillows) highlighted the data on X: “$ETH ETFs bought $244,940,000 in Ethereum this week. Largest weekly inflow in almost 4 months.” The numbers point to renewed institutional demand after weaker flows earlier in the year.

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