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. Comb
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.
Meanwhile, the forecasts and potential price levels referenced in this article are generated through technical analysis and are subject to market uncertainty. No technical indicator can reliably predict future cryptocurrency prices.
Readers should view these projections as analytical perspectives rather than investment recommendations and conduct their own research before making financial decisions.
Ethereum’s latest rally pushed the asset through several key price zones during the session. The 24-hour trading range showed ETH moving between $1,932.66 and $2,318.66 before settling near $2,275. The move followed a strong recovery from the lower end of the range.
Interestingly, the buyers have managed to drive ETH back up beyond the $2,000 and $2,100 mark before rallying above $2,200. Ether went on to hit an intraday high of $2,318.66 later in the day.
Meanwhile, whale activity increased during the rally, Lookonchain reported. As per the report, wallet address 0x2d59 withdrew another 30,000 ETH worth about $67.42 million from Binance. The wallet has withdrawn 120,000 ETH worth approximately $237.7 million over the past three weeks.
Ethereum (ETH) Whale Transfers | Source: X Additionally, Abraxas Capital withdrew 18,000 ETH valued at around $39.56 million from Binance. A newly created wallet, 0x2261, also withdrew 6,704 ETH worth nearly $14 million on the same day.
Institutional flows provided another source of activity for the Ethereum market. U.S. spot Ethereum ETFs recorded total daily net inflows of $189.15 million on August 19, SoSoValue data showed. The inflows increased cumulative net flows across Ethereum ETFs to $11.74 billion.
US Ethereum ETF Flows | Source: SosoValue BlackRock’s ETHA recorded the largest daily contribution among Ethereum ETFs. The fund attracted $122.12 million in inflows, equal to approximately 58.24K ETH. Its cumulative net inflows reached $11.85 billion, while its net assets stood near $6.52 billion.
Furthermore, Fidelity’s FETH recorded $36.54 million in daily net inflows. The fund added around 17.42K ETH, lifting its cumulative net inflows to $2.16 billion. FETH’s net assets reached approximately $1.05 billion.
Grayscale’s Ethereum ETF also reported positive movement during the session. The fund recorded $16.04 million in daily inflows, representing about 7.65K ETH. Its cumulative net inflows reached $1.84 billion, with net assets near $1.81 billion.
Ethereum’s recent performance also drew attention from market analyst Michael Van de Poppe. The analyst described ETH’s move as a strong market shift and pointed to the asset reaching the 0.033 BTC level.
Ethereum Price Prediction | Source: X According to Van de Poppe’s analysis, Ethereum’s movement showed current market strength, while he expected possible retracements during the ongoing price action. His view focused on ETH’s performance against Bitcoin and potential buying areas during pullbacks.
Meanwhile, the combination of whale withdrawals, ETF inflows, and the latest price movement remains the focus of Ethereum price prediction discussions.
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