Ethereum spot ETFs see $1.5B inflows amid price consolidation near $2,500
Ethereum spot ETFs have attracted over $1.5 billion in inflows across 12 trading days since August 12, driven largely by BlackRock's clients purchasing $1.02 billion. Despite strong ETF demand, Ethereum's price is consolidating between $2,383 and $2,530, with aggressive sell pressure observed on derivatives markets. The price remains above key cost basis levels, suggesting sellers are being absorbed, but a breakout above $2,530 is needed to confirm renewed upward momentum. Market participants remain cautiously optimistic, betting on a price rally in September.
Ethereum spot ETFs have attracted over $1.5 billion in inflows across 12 trading days since August 12, driven largely by BlackRock's clients purchasing $1.02 billion. Despite strong ETF demand, Ethereum's price is consolidating between $2,383 and $2,530, with aggressive sell pressure observed on derivatives markets. The price remains above key cost basis levels, suggesting sellers are being absorbed, but a breakout above $2,530 is needed to confirm renewed upward momentum. Market participants remain cautiously optimistic, betting on a price rally in September.
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