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Points of Focus
- ETH holds above every moving average from the 10-day EMA to the 200-day SMA
- Weekly ETH ETF inflows hit $697.18M, the strongest since October 2025
- RSI at 78.43 and CCI at 135.74 flag overbought even as MACD confirms trend.
Ethereum (ETH) trades at $2,454.27 at the time of writing, down a modest 0.33% on the day after opening at $2,462.44 and touching a low of $2,424.59. The daily dip is close to noise.
What matters is where that price now sits relative to ETH’s moving average stack: above all twelve core exponential and simple moving averages, from the 10-day EMA at $2,265.83 to the 200-day SMA at $2,010.23, a spread of $444.04, or 22.1%. That is a full trend confirmation across every timeframe TradingView tracks, not a single green candle.
ETH price breaks free of its moving average stack
The nearest real support sits at the 10-day EMA, $188.44, or 8.3%, below the spot price. The only average currently sitting above price is the Hull Moving Average at $2,579.43, a gap of $125.16, or 4.9%. Because the Hull MA reacts faster than the slower averages beneath it, that gap is the most immediate technical test facing ETH this week, well ahead of anything the 50-day or 100-day levels will register.
Momentum readings complicate the picture without contradicting it. Four of the eleven TradingView oscillators, RSI (78.43), CCI (135.74), Momentum (576.16), and Williams %R (-12.86), sit in overbought or sell territory, while MACD (149.40) and the Ultimate Oscillator (72.95) confirm the uptrend. That split between stretched short-term momentum and a fully bullish moving-average stack is the actual setup here, not a simple overbought call.
Weekly ETF inflows hit their strongest week since October 2025
The move has fundamental weight behind it. SoSoValue data shows spot ETH ETFs pulled in $697.18 million for the week ending Aug. 21, a sharp reversal from the prior week’s $2.26 million outflow.
The past week was ETH ETF’s strongest week since Oct. 2025, roughly ten months ago. Cumulative net inflow now stands at $12.15 billion, with total net assets at $14.29 billion, up from $10.52 billion a week earlier, a jump reflecting both fresh capital and ETH’s own price appreciation over the same stretch.
That inflow strength is arriving in the same window large ETH wallets are distributing into strength, and alongside the broader market liquidity wave that also drove Bitcoin’s short squeeze toward its Strategy-linked cost basis. ETH’s ETF demand isn’t happening in isolation. It’s compounding a market-wide bid, which is part of why the inflow number carries more weight than it might on its own.
The Hull Moving Average, not the RSI, is the level to watch
The Hull MA gap resolves that split faster than the RSI will. A close above $2,579.43 would mean the fastest-reacting average has also turned bullish, aligning every measure on the chart.
A failure to clear it while RSI stays pinned near 80 would be the more likely near-term outcome, and the one worth watching first.
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