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<h3 id="key-highlights">Key Highlights</h3><ul><li>Ethereum’s price stood at $2,436 on August 29, reflecting a 2.33% daily decline</li><li>U.S. spot Ethereum ETFs achieved 10 consecutive days of positive net inflows, accumulating $1.52 billion</li><li>BlackRock’s ETHA dominated with $1.02 billion in inflows across nine sessions, capturing approximately 72% of total flows</li><li>The Senate will hold a cloture vote on the CLARITY Act on September 15</li><li>Critical support for ETH rests at $2,350, while resistance appears at $2,500</li></ul><p>Ethereum declined to $2,436 on August 29 amid a broader cryptocurrency market downturn that saw values drop 1.71% within 24 hours, bringing the total crypto market capitalization to $2.62 trillion. Bitcoin hovered below $78,000 while XRP traded near $1.38.</p><figure id="attachment_207726" style="width: 100%" class="wp-caption aligncenter"><img class="size-full wp-image-207726" src="https://blockonomi.com/wp-content/uploads/2026/08/chart-82.webp" alt="Ethereum (ETH) Price" width="1824" height="1248"><figcaption id="caption-attachment-207726" class="wp-caption-text"><a href="https://www.coingecko.com/en/coins/ethereum?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">Ethereum (ETH) Price</a></figcaption></figure><p>The recent price retreat comes despite ETH’s impressive recovery from approximately $1,900 in mid-August. The cryptocurrency surged past $2,200 and repeatedly challenged the $2,500 level before experiencing a pullback.</p><p>On August 28, U.S. spot Ethereum ETFs registered $102.18 million in net inflows, extending their positive flow streak to 10 consecutive trading days. The cumulative inflows throughout this period reached approximately $1.52 billion.</p><p>The week concluding around August 21 saw Ethereum ETF inflows hit roughly $697 million — representing the strongest weekly performance in nearly 10 months and a 2026 peak at that point, according to SoSoValue data.</p><h3 id="blackrock-s-etha-commands-market-share">BlackRock’s ETHA Commands Market Share</h3><p>BlackRock’s ETHA fund attracted approximately $1.02 billion throughout nine consecutive trading sessions spanning August 17 to August 27, representing roughly 72% of total U.S. spot Ethereum ETF inflows during this timeframe.</p><div class="embed-x"><blockquote class="twitter-tweet"><p>BLACKROCK BUY STREAK: $1 BILLION <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a></p><p>BlackRock’s clients have purchased over $1 Billion of ETH without any days in which they net-sold. In the past 9 days, BlackRock’s ETHA ETF purchased $1.02B of ETH.</p><p>BlackRock’s ETHA estimated average buy price is $3,060 ETH. <a href="https://t.co/JAy824MUag" rel="noopener noreferrer nofollow">pic.twitter.com/JAy824MUag</a></p><p>— Arkham (@arkham) <a href="https://x.com/arkham/status/2093427766867734638?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 28, 2026</a></p></blockquote></div><p>The fund experienced its strongest performance on August 27, capturing $225.8 million in inflows — the largest single-day figure recorded since October 28, 2025. ETHA’s total net inflows since its July 2024 inception now approach $12.74 billion, with net assets valued at approximately $8.46 billion.</p><p>The roughly 385,633 ETH purchased over this eight-day period suggests an average acquisition price ranging between $2,490 and $2,550. This represents a significant discount compared to ETHA’s lifetime average cost basis of approximately $3,060.</p><p>These spot ETF flows represent client-driven purchases rather than BlackRock’s proprietary trading. When market participants purchase ETHA shares, the fund secures <a href="https://coincentral.com/ethereum-eth-casinos/" rel="noopener noreferrer nofollow">Ethereum</a> through Coinbase Prime to maintain backing.</p><p>Fidelity’s FETH emerged as the sole fund experiencing outflows on August 28, shedding $24.26 million. Meanwhile, Grayscale, Bitwise, VanEck, and Franklin funds maintained neutral positions with no daily flow movements.</p><h3 id="technical-analysis-and-price-targets">Technical Analysis and Price Targets</h3><p>ETH’s RSI registered 44.09, indicating diminished momentum without entering oversold conditions. The MACD line positioned at 0.65 remained beneath the signal line at 12.62, with the histogram declining to -11.97.</p><div class="embed-x"><blockquote class="twitter-tweet"><p>ETH/BTC is sitting at a key breakout level.</p><p>Price is forming a triangle with lower highs and higher lows. The range keeps getting tighter, which means a big move is getting closer.</p><p>A breakout above the trendline could send <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> toward $2,800.</p><p>A rejection could push it back… <a href="https://t.co/KSz9iiGZov" rel="noopener noreferrer nofollow">pic.twitter.com/KSz9iiGZov</a></p><p>— Ash Crypto (@AshCrypto) <a href="https://x.com/AshCrypto/status/2093772769679008086?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 29, 2026</a></p></blockquote></div><p>Market analyst Ash Crypto highlighted on X that the ETH/BTC pair is developing a triangle formation with a narrowing range. According to his analysis, a breakout above the trendline could propel ETH toward $2,800, whereas a rejection might drive prices back to the $2,000–$2,200 zone.</p><div class="embed-x"><blockquote class="twitter-tweet"><p>If this is a true breakout on <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>, we're expecting to see a lot more upside, probablyanother leg.</p><p>My expectations are that the next leg goes to $3,200, perhaps even $3,500 and stalls from there.</p><p>Don't sell your positions too early. <a href="https://t.co/YXxmvktELn" rel="noopener noreferrer nofollow">pic.twitter.com/YXxmvktELn</a></p><p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://x.com/CryptoMichNL/status/2093770910906073436?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 29, 2026</a></p></blockquote></div><p>Trader Michaël van de Poppe (@CryptoMichNL) shared his outlook that if ETH validates a genuine breakout, the subsequent rally could target $3,200, with potential extension to $3,500.</p><p>The CLARITY Act, having cleared the House of Representatives, now awaits a Senate cloture vote scheduled for September 15, requiring 60 affirmative votes to proceed.</p><p>The post <a href="https://blockonomi.com/ethereum-eth-attracts-1-52-billion-etf-inflows-despite-price-correction-to-2436/" rel="noopener noreferrer nofollow">Ethereum (ETH) Attracts $1.52 Billion ETF Inflows Despite Price Correction to $2,436</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Ethereum (ETH) Attracts $1.52 Billion ETF Inflows Despite Price Correction to $2,436

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