Key Highlights
- Weekly Ethereum ETF inflows reached $244.94 million, marking the strongest institutional demand surge in almost four months
- Major whales scooped up 80,000 ETH valued at $152 million, driving the Whale Sentiment Index up to 66
- ETH hovers around $1,923 and needs to break through $1,920 resistance to unlock targets at $1,960 and $2,000
- One veteran whale exited 7,323 ETH at a $6 million loss after holding since 2022
- The U.S. Senate initiated the first voting round on the CLARITY Act, potentially advancing to a September decision
Ethereum is currently changing hands near $1,923, posting approximately 1% gains over the past 24 hours. The cryptocurrency bounced back from $1,820 levels seen last week and has maintained an upward trajectory within an ascending channel throughout August.
Spot Ethereum ETFs attracted $244.94 million in capital this week, representing the most robust weekly performance in nearly four months. Total cumulative net inflows have now climbed to $11.46 billion, while weekly trading volume hit $2.38 billion.
Market analyst Ted (@TedPillows) drew attention to the figures on X, stating: “$ETH ETFs bought $244,940,000 in Ethereum this week. Largest weekly inflow in almost 4 months.” The data suggests a resurgence of institutional appetite following softer flows during the earlier part of the year.
$ETH ETFs bought $244,940,000 in Ethereum this week.
Largest weekly inflow in almost 4 months. pic.twitter.com/h5WLpv4j0p
— Ted (@TedPillows) August 8, 2026
The momentum in weekly capital flows had been gradually increasing. Inflows registered $105.44 million on July 17 and $103.90 million on July 24 before gaining additional steam in August.
Bitcoin ETFs similarly attracted $98.85 million in net capital on August 7, marking the fifth consecutive day of positive movement. Spot Ethereum ETFs contributed $49.60 million on the same date, maintaining a four-day positive inflow sequence.
Large Holders Drive Accumulation Trend
Two significant wallets collectively accumulated 80,000 ETH valued at $152 million. The first whale withdrew 30,000 ETH worth $57.21 million from Coinbase Prime, distributing the holdings across three fresh wallets. The second major player acquired 50,000 ETH valued at $95.73 million from a wallet associated with Fidelity.
The Whale Sentiment Index for Ethereum remained above 60 for two consecutive days and has sustained levels above 50 for six straight sessions. The indicator currently reads near 66, signaling substantial accumulation activity from major market participants.
However, not all large holders are adding to positions. One long-term investor offloaded 7,323 ETH for $13.96 million, crystallizing a $6 million unrealized loss. This wallet had maintained ETH holdings since February 2022 and March 2023, with an average purchase price of $2,723.
Market analyst Ali Charts (@alicharts) highlighted on X that Ethereum’s monthly timeframe generated two TD Sequential buy signals last month — specifically a black 9 and an S13. He emphasized that every TD Sequential indicator on the monthly chart throughout the past four years has accurately predicted ETH’s directional movement, with prior signals correctly forecasting a -75% decline in April 2022 and a +236% advance in September 2022. He proposed these signals might catalyze a fresh rally toward $3,000 if they prove reliable once more.
ETHEREUM: TWO MONTHLY BUY SIGNALS
Last month, the TD Sequential flashed two buy signals on Ethereum’s monthly chart: a black 9 and an S13.
This is a macro bullish development worth paying attention to. Over the past four years, every TD Sequential signal on the monthly chart… https://t.co/1Mk3vzKLl4 pic.twitter.com/iY9FmmxOxK
— Ali Charts (@alicharts) August 8, 2026
Critical Price Levels and Technical Indicators
ETH’s Relative Strength Index stands at 61.03, positioned in bullish range without reaching overbought conditions. The MACD line registers 10.31, marginally above the 9.85 signal line, accompanied by a positive histogram value of 0.46.
ETH is currently trading above both its 20-day and 50-day moving averages while challenging the 100-day moving average. Successfully clearing that threshold could establish a trajectory toward the 200-day EMA positioned at $2,147.
A confirmed breakout above $1,920 would bring $1,960 into immediate focus, with the psychological $2,000 barrier as the subsequent target. Should ETH face rejection at $1,920, initial support emerges at $1,880, with a secondary floor at $1,860.
The U.S. Senate commenced the initial voting phase on the CLARITY Act on August 8. The legislation must secure a 60-vote majority before potentially advancing to a September floor vote.
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