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Points of Focus
- ETH trades at $1,916.26, with 9 of 14 tracked moving averages still bullish.
- Spot ETH ETFs posted a fifth straight week of inflows, adding $244.94 million.
- Cumulative net inflows remain $3.45 billion below their October 2025 peak.
Ether (ETH) trades at $1,916.26, up 0.37% on the day, per TradingView data at the time of writing.
The daily candle opened at $1,909.14, reached a high of $1,929.15, dipped to a low of $1,905.00, and closed at $1,916.24.
Five weeks of inflows, still short of the peak
Spot ETH ETFs added $244.94 million in the week ending August 7, the fifth consecutive week of net inflows following a single outflow week on July 2, according to SoSoValue’s ETF flow data. Those five weeks combined, July 10 through August 7, have added roughly $566.1 million in cumulative inflows.
That recovery remains partial. Cumulative total net inflow stood at $11.46 billion as of August 7, still about $3.45 billion below the dataset’s all-time peak of $14.91 billion, reached the week of October 10, 2025. A stretch of heavy redemptions in November 2025 did most of the damage; three consecutive weeks lost $500 million, $728 million, and $507 million, respectively, and cumulative inflows have not fully recovered from that stretch nearly ten months later.
A separate weak stretch ran from late May through late June 2026, with five of six weeks posting outflows, including a $273.34 million single-week redemption on June 26, before the current five-week streak began.
Total net assets, at $10.74 billion, sit even further below their historical high of roughly $30.6 billion in October 2025. That gap reflects ETH’s price decline as much as net redemptions, since total net assets track price multiplied by ETH held, and ETH traded near $4,800 in August 2025 versus $1,916 today, so it is not a clean read on flow sentiment the way cumulative net inflow is.
Technical levels to watch out for
Of the fourteen moving averages (MA) TradingView tracks for ETH, price sits above nine: the 10-day exponential moving average (EMA) ($1,901.28), the 10-day simple moving average (SMA) ($1,891.58), the 20-day EMA ($1,887.42), the 20-day SMA ($1,895.41), the 30-day EMA ($1,872.42), the 30-day SMA ($1,885.42), the 50-day EMA ($1,862.72), the 50-day SMA ($1,805.96), and the 100-day SMA ($1,898.55).
The Hull MA flipped to resistance today at $1,922.76, just above spot, alongside the 100-day EMA ($1,923.23) and the 200-day EMA and SMA.
The relative strength index (RSI) reads 56.51, and the average directional index (ADX) reads 19.91, both neutral. Momentum (55.31) gives an upward signal, while the moving average convergence divergence (MACD) at 20.93 gives a downward signal.
What comes next
The setup pairs a genuine five-week improvement in ETF demand with a reminder of how far that demand still has to travel. Over the past five weeks, inflows have totaled roughly $566 million, showing a clear improvement in investor demand.
However, closing the remaining $3.45 billion gap would take the better part of a year if inflows continue at the current rate. The more relevant question, then, is not whether this pace can hold, but whether it can accelerate.
The technical picture offers the nearer-term test: a daily close above the Hull MA at $1,922.76 would clear the level that broke today, while losing the 50-day EMA at $1,862.72 would undo the moving-average improvement this piece has tracked across several updates, and would suggest the ETF recovery has not yet translated into sustained price support.
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