Ethereum dips to $2,436 amid crypto market drop; BlackRock's ETHA leads $1.52B ETF inflows streak
Ethereum's price fell to $2,436 on August 29, reflecting a 2.33% decline amid a broader 1.71% drop in the crypto market. Despite this, U.S. spot Ethereum ETFs saw $1.52 billion in net inflows over 10 days, led by BlackRock's ETHA fund which captured 72% of these flows with $1.02 billion. Technical analysis suggests a potential breakout could push ETH prices toward $2,800 or higher, while the upcoming Senate vote on the CLARITY Act on September 15 could impact regulatory clarity for crypto ETFs. Investors are watching key support at $2,350 and resistance near $2,500 for Ethereum's next moves.
Ethereum's price fell to $2,436 on August 29, reflecting a 2.33% decline amid a broader 1.71% drop in the crypto market. Despite this, U.S. spot Ethereum ETFs saw $1.52 billion in net inflows over 10 days, led by BlackRock's ETHA fund which captured 72% of these flows with $1.02 billion. Technical analysis suggests a potential breakout could push ETH prices toward $2,800 or higher, while the upcoming Senate vote on the CLARITY Act on September 15 could impact regulatory clarity for crypto ETFs. Investors are watching key support at $2,350 and resistance near $2,500 for Ethereum's next moves.
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