Major institutional ETH purchases and record ETF inflows push Ethereum within 4.4% of its all-time high, reinforcing bullish sentiment amid strong macroeconomic and regulatory tailwinds.
Ethereum is trading just 4.4% below its all-time high of $4,864, bolstered by surging institutional demand and record ETF inflows. On August 14, U.S. spot Ethereum ETFs attracted $1 billion in a single day, with BlackRock’s ETHA fund contributing $640 million and Fidelity’s FETH adding $277 million, bringing total ETF holdings to $25.7 billion and cumulative cycle inflows to $10.8 billion. Sharplink Gaming purchased 130,000 ETH worth $603.5 million, while Fidelity acquired an additional 33,708 ETH valued at $160 million. Coinbase projects a full-scale altseason driven by Ethereum demand and a possible Federal Reserve rate cut in September.