Ethereum Price Prediction as Whales Stack ETH and BlackRock Leads $189M ETF Inflows?
Key Insights:
- Ethereum price prediction remains bullish, with retracements offering buying opportunities.
- Ether ETFs attracted $189 million, while BlackRock’s ETHA led with $122 million.
- Combined whale buying and ETF inflows could support Ethereum’s next resistance test.
Ethereum price predictions have resurfaced after ETH posted a significant move on the daily time frame. Additionally, whale activity and renewed institutional demand for ETFs also took the spotlight. Ethereum rose 17.7% in 24 hours to $2,275.94, consolidating the price range between $1,900 and $2,300.
Meanwhile, U.S. spot Ethereum ETFs recorded $189.15 million in daily net inflows on Aug. 19, with BlackRock’s ETHA contributing the largest share.
The Ethereum crypto market also saw large wallet activity during the move. Several whales withdrew Ethereum from Binance, while analyst Michael Van de Poppe described the recent ETH price action as part of a bullish market trend.
He also noted that retracements could provide buying opportunities while Ethereum moved toward higher levels against Bitcoin.
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