Ethereum ETFs pulled in $244.94 million this week, their biggest weekly inflow in nearly four months, lifting cumulative net inflows to $11.46 billion. Ether held above $1,918 as the U.S. Senate opened voting on the CLARITY Act, a bill that could bring more regulatory clarity to crypto markets.
Ethereum ETFs attracted $244.94 million this week, their strongest weekly inflow in nearly four months, pushing cumulative net inflows to $11.46 billion. Ether held above $1,918 in a modest rebound, and Bitcoin stayed above $64,900 as major digital assets recovered from recent weakness.
Inflows build on a month of recovering demand
The rebound follows a string of stronger weeks for Ether ETF demand. Weekly inflows totaled $105.44 million on July 17 and $103.90 million on July 24, and flows kept building into August as sentiment across the crypto industry turned more positive.
Momentum carried into the new week. According to SoSoValue data, Bitcoin ETFs added $98.85 million in net inflows on August 7, a fifth straight day of gains. Spot Ethereum ETFs added $49.60 million that same day, extending their own inflow streak to four sessions.
Senate advances CLARITY Act toward a vote
The U.S. Senate opened the first stage of voting on the CLARITY Act, a bill that could move to a September vote if lawmakers secure the needed numbers. The measure still faces a 60-vote threshold, but its passage could bolster regulatory clarity across the U.S. crypto market.
Ether eyes $1,960 and $2,000 above key resistance
Ethereum's technicals point toward more upside. ETH climbed to $1,919.25, approaching the $1,920 resistance zone, and its RSI reads 61.03 — in bullish territory without signaling overbought conditions. The MACD line sits at 10.31, slightly above its 9.85 signal line, with a positive 0.46 histogram showing that bullish momentum remains intact, though the gap between the two lines stays narrow.
A sustained break above $1,920 could open the way to $1,960 as the next resistance level, with the psychological $2,000 level beyond it; further momentum past that point would point to a continuation of Ethereum's broader recovery. But a rejection near $1,920 could send Ether back to $1,880 before testing support at $1,860, and failure to hold above $1,860 would likely weaken the current structure and add downside risk.
Source: CoinGape
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