Ethereum (ETH) Price: ETH Surges Toward $2K as Big Money Moves In From All Sides

TLDR

Ethereum ETFs pulled in $244.94 million this week, the biggest weekly inflow in nearly four months Two whales accumulated 80,000 ETH worth $152 million, pushing the Whale Sentiment Index to 66 ETH is trading near $1,923 and must clear $1,920 resistance before targeting $1,960 and $2,000 A long-term whale sold 7,323 ETH at a $6 million loss after holding since 2022 The U.S. Senate opened the first voting stage on the CLARITY Act, which could move to a September vote

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Ethereum is trading near $1,923, up about 1% in 24 hours. The price recovered from $1,820 last week and has been moving inside an ascending channel through August.

Ethereum (ETH) Price

Ethereum ETFs recorded $244.94 million in weekly inflows, the strongest week in nearly four months. Cumulative net inflows now stand at $11.46 billion. Weekly trading volume reached $2.38 billion.

Analyst Ted (@TedPillows) highlighted the data on X: “$ETH ETFs bought $244,940,000 in Ethereum this week. Largest weekly inflow in almost 4 months.” The numbers point to renewed institutional demand after weaker flows earlier in the year.

$ETH ETFs bought $244,940,000 in Ethereum this week.

Largest weekly inflow in almost 4 months. pic.twitter.com/h5WLpv4j0p

— Ted (@TedPillows) August 8, 2026

Weekly inflows had already been building. Flows hit $105.44 million on July 17 and $103.90 million on July 24 before accelerating further in August.

Bitcoin ETFs also saw $98.85 million in net inflows on August 7, extending a five-day positive streak. Spot Ethereum ETFs added $49.60 million that same day, keeping a four-session inflow streak alive.

Whale Activity Supports Price

Two large wallets accumulated 80,000 ETH worth $152 million. One whale pulled 30,000 ETH worth $57.21 million from Coinbase Prime and split it across three new wallets. A second whale acquired 50,000 ETH worth $95.73 million from a Fidelity-linked wallet.

Source: Onchainlens

Ethereum’s Whale Sentiment Index held above 60 for two days and stayed above 50 for six straight days. It currently sits near 66, pointing to heavy buying from large holders.

Not all whales are buying, though. One long-term holder sold 7,323 ETH for $13.96 million, realizing a $6 million loss. The wallet had held ETH since February 2022 and March 2023, buying at an average price of $2,723.

Analyst Ali Charts (@alicharts) pointed out on X that Ethereum’s monthly chart flashed two TD Sequential buy signals last month — a black 9 and an S13. He noted that every TD Sequential signal on the monthly chart over the past four years has accurately identified the ETH trend, with previous signals calling a -75% drop in April 2022 and a +236% rally in September 2022. He suggested these signals could trigger a new rally to $3,000 if validated again.

ETHEREUM: TWO MONTHLY BUY SIGNALS

Last month, the TD Sequential flashed two buy signals on Ethereum's monthly chart: a black 9 and an S13.

This is a macro bullish development worth paying attention to. Over the past four years, every TD Sequential signal on the monthly chart… https://t.co/1Mk3vzKLl4 pic.twitter.com/iY9FmmxOxK

— Ali Charts (@alicharts) August 8, 2026

Technical Levels to Watch

ETH’s RSI sits at 61.03, in bullish territory but not overbought. The MACD line at 10.31 is just above the 9.85 signal line, with a positive histogram reading of 0.46.

ETH is currently trading above its 20-day and 50-day moving averages and is testing the 100-day moving average. A break above that level could open a path toward the 200-day EMA at $2,147.

A sustained move above $1,920 puts $1,960 in focus next, followed by the $2,000 level. If ETH is rejected at $1,920, the first support sits at $1,880, followed by $1,860.

The U.S. Senate opened the first voting stage on the CLARITY Act on August 8. The bill still needs to clear a 60-vote threshold before it can move toward a September vote.

The post Ethereum (ETH) Price: ETH Surges Toward $2K as Big Money Moves In From All Sides appeared first on CoinCentral.