TLDR:
- Ethereum ETF inflows topped $4B in August while Bitcoin ETFs recorded $751M in outflows.
- ETH price trades near $4,516 with resistance just under $4,600 and support around $3,900-$4,000.
- BlackRock reported $17.4M ETH sales even as overall ETF demand stayed strong for a third day.
- Michaël van de Poppe expects ETH to consolidate until its 20-week MA before aiming toward $5,000 levels.
Ethereum continues to draw capital as investors rotate into ETH. August saw billions pour into U.S.-listed Ethereum ETFs. The price has pushed back above $4,500, reinforcing optimism that buyers remain in control.
Traders are now watching the next resistance near $4,600. Market watchers say holding current levels could set up a push toward $5,000.
ETH Price Near $4,600 as Flows Build
CryptoBusy reported that nearly $4B flowed into Ethereum ETFs during August, compared to $751M in Bitcoin ETF outflows. This shift has been tied to renewed institutional focus on Ethereum as a yield-generating platform. Ted Pillows noted that yesterday alone saw $113.1M in fresh inflows, marking the third consecutive day of gains.
$ETH rotation is accelerating.
August saw ~$4B flow into U.S. ETH ETFs, while BTC ETFs lost ~$751M. Policy moves such as SEC–CFTC coordination, RWA borrowing via Aave Horizon, and the activation of RLUSD are driving institutional DeFi forward.@ethereum is now being treated as… pic.twitter.com/PxyNnT5E2s
— CryptoBusy (@CryptoBusy) September 12, 2025
At press time, data from CoinGecko shows ETH trading at $4,516.95, a 1.99% gain in the past 24 hours.
Volume sits above $37B, showing continued market participation despite recent volatility. Analysts are closely watching the $4,600 region, which has acted as a short-term resistance area.
Michaël van de Poppe commented that ETH is consolidating until the 20-week moving average comes closer. He added that he does not expect a sharp correction, favoring a slow grind upward. The $3,900-$4,000 support zone is seen as critical for holding the bullish trend intact.
BlackRock sold $17.4M worth of ETH during the same period, but inflows outweighed outflows. This keeps net positioning in positive territory for institutional Ethereum exposure.
Ethereum Chart Shows Clear Support and Upside Targets
The ETH price chart has shown that liquidity was taken in recent weeks, often a precursor to further continuation. The $3,900-$4,000 zone remains the area where bulls are expected to defend price action. If price consolidates there, ETH could set up a higher push.
I'm still waiting for $ETH to pick up with the 20-Week MA.
I don't think we'll have a severe deep correction; it's more likely that we'll continue to have upside.
Consolidation until the Weekly MA comes closer or is in play.
That's ultimately what we're waiting for. pic.twitter.com/GqIyUXccVi
— Michaël van de Poppe (@CryptoMichNL) September 12, 2025
A break above $4,600 would open a path toward $5,000, which traders have flagged as the next big target. The RSI indicator is close to overbought but has not triggered a reversal, signaling momentum is still strong.
Market participants say the trend will remain intact as long as ETH trades above $4,000 and maintains steady ETF inflows. This sets up a scenario where Ethereum could lead the next leg in DeFi growth.
The coming weeks will be critical, with attention on whether consolidation near support levels attracts more buyers. Traders will watch closely if volume spikes again, which could give the next breakout momentum toward fresh highs.
