- Ethereium price rose by 73% within 90 days and hit an all-time high of 4,953 in August.
- ETF inflows decreased to $3.87B in August compared to July, 5.5B.
- RSI of 67.90 is an indication that ETH is approaching the overbought region.
Ethereum price remains in the spotlight with a strong trend that recently propelled it to another all-time high of $4,953. Although with a small pullback, altcoin is in great bullish momentum, backed by institutional flow and institutional treasury accumulation.
The technical signs reflect long-term strength, although short-term signs of fatigue appear. This combination of macro buying interest and technical resilience keeps Ethereum firmly in the spotlight among top-performing digital assets.
Ethereum Price Eyes Consolidation After ATH Rally and Cooling ETF Inflows
Ethereum price has displayed a good bullish performance though it has experienced a recent pull back.After reaching an all-time high (ATH) of 4,953 on August 24, ETH dropped to $4,456.5 or 6.76% per week. Nevertheless, ETH continues to trade above significant resistance levels in history, which reflects the overall healthy trend. The asset has increased by over 73% over the past 90 days and increased by 15% over the past one month.
The Awesome Oscillator (AO) on the momentum scale stands at 1,473.7 which is very high representing a strong purchasing power. However, the rising green histogram bars can reflect a possible stage of overextendedness. Chaikin Money Flow (CMF) stands at 0.24 and it is well within the positive range that shows unanimous institutional buying.
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The MACD also supports bullish momentum. The MACD line (238.4) is still far over the signal line (273.5), but the increasing distance between the two could indicate that a short-term correction is imminent. The Relative Strength Index (RSI) currently stands at 67.90, which is nearly overbought, a condition common before market consolidation.
On the institutional level, Ethereum ETFs experienced net inflows of 3.87 billion dollars in August, compared with July net inflows of 5.5 billion dollars. This fall probably is in inflation of profit after the recent ATH. In the meantime, ETH treasury firms have grown their stakes tremendously, now owning 4.44 million ETH ($19.34 billion), which is 3.67% of total supply- greater by far than BTC treasury hoarding.
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