Ethereum holds above $1,900 as US spot ETH ETFs see $92M inflows, pushing weekly total to $245M amid weak US jobs data.
Ethereum price remains steady above the key $1,900 level, supported by strong inflows into US spot Ethereum ETFs totaling $92.15 million on August 6 and $244.94 million for the week—the highest in nearly four months. This momentum is bolstered by disappointing US employment data, which lowered expectations for Federal Reserve rate hikes, benefiting risk assets like cryptocurrencies. Market watchers see $2,000 as the next major resistance, with potential for a rally if Ethereum sustains above $1,900 and clears the 200-day moving average at $2,061.
Ethereum price remains steady above the key $1,900 level, supported by strong inflows into US spot Ethereum ETFs totaling $92.15 million on August 6 and $244.94 million for the week—the highest in nearly four months. This momentum is bolstered by disappointing US employment data, which lowered expectations for Federal Reserve rate hikes, benefiting risk assets like cryptocurrencies. Market watchers see $2,000 as the next major resistance, with potential for a rally if Ethereum sustains above $1,900 and clears the 200-day moving average at $2,061.
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