Key Insights:
- Ethereum Price in focus as Whale 0x2684 realized $9.5 million after selling ETH.
- Ethereum ETFs recorded $184 million in inflows as of August 21.
- An analyst warned that retail sellers could miss ETH as its native asset.">Ethereum’s next major price surge.
Ethereum hovered close to its daily high as Whale 0x2684 locked in gains and U.S. spot ETH as its native asset.">Ethereum exchange-traded funds pulled in fresh capital. At the time of writing, the ETH as its native asset.">Ethereum price sat at $2,444.73, marking a 2.4% increase over a 24-hour period.
Simultaneously, data from SoSoValue indicated that ETF inflows reached $184.93 million on August 21. This market movement coincided with ETH climbing toward its primary intraday resistance barrier.
Ethereum price holds near daily high
CoinGecko tracked a 24-hour Ethereum price band spanning from $2,361.13 to $2,467.90. Consequently, ETH traded just $23 below its session peak. Additionally, the asset rebounded 3.5% from its lowest point, positioning itself in the upper quartile of its daily trading range.
Earlier in the session, charts captured a sharp morning drop toward the $2,370 threshold. Buyers stepped in at that juncture, lifting ETH back above the $2,400 mark. From there, Ethereum pushed past $2,420 before surging above $2,460. Two separate rejections near $2,468 ultimately defined the main resistance for the session.
Following those rejections, a swift correction brought the Ethereum price down toward $2,420. Nevertheless, buyers successfully defended that support area, driving ETH back over $2,440. Immediate resistance is currently situated between $2,460 and $2,468, with a decisive breakout potentially opening the door to the next chart milestone near $2,480.
Ethereum Whale Realizes $9.5 Million Profit
Amid these market conditions, Whale 0x2684 chose to secure profits across holdings of Ethereum and Wrapped Bitcoin. Initially, the whale acquired 79,216 ETH for $140.77 million at an average purchase price of $1,777. The wallet also secured 1,400 WBTC for $89.44 million at a mean cost of $63,887.
Over a three-day span, the wallet offloaded 15,765 ETH for $36 million at an average rate of $2,281. It additionally leveraged position when margin no longer covers losses.">liquidated 110 WBTC for $8.6 million at $78,235. Combined, these sales yielded $9.5 million in realized profits.
In related commentary, market analyst Merlijn The Trader evaluated this recent distribution strategy in the context of past Ethereum cycles. His research pointed out that retail investors sold near $7 back in 2016 prior to ETH running up to $1,400. Similarly, he highlighted capitulation near $140 in 2018 ahead of a rally to $4,800.
Merlijn also noted retail offloading around $1,500 throughout 2025, while pegging the active ETH price at $2,466. He cautioned that these sellers risk sitting on the sidelines during another tenfold price expansion.
Ethereum ETFs Attract $184.93 Million
Even as the large investor trimmed their position, SoSoValue documented robust institutional demand for U.S. spot Ethereum ETFs. These investment vehicles generated $1.67 billion in trading volume on August 21, pushing cumulative net inflows up to $12.15 billion.
BlackRock’s ETHA spearheaded the session by pulling in $150.83 million, which accounted for 81.6% of the day’s aggregate inflows. The fund picked up approximately 62,460 ETH, elevating its net assets to $7.84 billion. Moreover, BlackRock’s secondary offering, ETHB, brought in an extra $9.94 million.
As a result, the two BlackRock funds absorbed $160.77 million, representing 86.9% of the daily inflows. Additional products also secured positive results: Grayscale ETH attracted $11.51 million, Fidelity FETH pulled in $9.62 million, Bitwise ETHW contributed $2.24 million, and Morgan Stanley MSSE added $778,770.
Frequently Asked Questions
- How much profit did Whale 0x2684 realize? The whale realized $9.5 million in profit after selling portions of its Ethereum and Wrapped Bitcoin holdings.
- What were the total Ethereum ETF inflows on August 21? U.S. spot Ethereum ETFs recorded $184.93 million in net inflows on August 21.
- Which fund led the Ethereum ETF inflows? BlackRock’s ETHA led the session by drawing $150.83 million in inflows.
- What was the trading range for Ethereum during the session? Ethereum traded between a daily low of $2,361.13 and a high of $2,467.90.
