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 Ethereum’s next major price surge.
Ethereum traded near its daily peak while Whale 0x2684 realized profits and U.S. spot Ethereum ETFs drew inflows. Ethereum price was trading at $2,444.73 at press time, following a 1.4% gain over 24 hours.
Meanwhile, SoSoValue reported $184.93 million in ETF inflows for August 21. The activity occurred while ETH approached its main intraday resistance zone.
Ethereum price holds near daily high
CoinGecko recorded a daily Ethereum price range between $2,361.13 and $2,467.90. Therefore, ETH traded $23 below the session high. Moreover, the ETH price had recovered 3.5% from its low. That placed Ethereum in the upper quarter of its 24-hour range.
Earlier, the chart showed a sharp morning decline toward the $2,370 area. Buyers entered near that level and returned ETH above $2,400. Subsequently, Ethereum reclaimed $2,420 before moving beyond $2,460. Two rejections around $2,468 then established the session’s main resistance.
Afterward, a sudden pullback returned the Ethereum price toward $2,420. Nevertheless, buyers defended that level and pushed ETH back above $2,440. Immediate resistance now spans $2,460 to $2,468. A clean breakout could expose the chart’s next level near $2,480.
Ethereum Whale Realizes $9.5 Million Profit
Against that price backdrop, Whale 0x2684 took profits across Ethereum and Wrapped Bitcoin positions. The Ethereum whale initially bought 79,216 ETH for $140.77 million at an average price of $1,777. Additionally, the wallet purchased 1,400 WBTC for $89.44 million at an average price of $63,887.
Over the past three days, the wallet sold 15,765 ETH for $36 million at $2,281. It also sold 110 WBTC for $8.6 million at $78,235. Together, those transactions generated $9.5 million in realized profit.
Meanwhile, Merlijn The Trader compared the current selling with earlier Ethereum market cycles in his analysis. He reported that retail sold near $7 in 2016 before ETH reached $1,400. Likewise, he cited sales near $140 in 2018 before Ethereum reached $4,800.
Merlijn also referenced retail selling around $1,500 during 2025 and placed the current ETH price at $2,466 in his analysis. He said those sellers could watch another tenfold advance without participating.
Ethereum ETFs Attract $184.93 Million
While the Ethereum whale reduced holdings, SoSoValue tracked strong demand across U.S. spot Ethereum ETFs. The products generated $1.67 billion in trading volume on August 21. Meanwhile, cumulative net inflows reached $12.15 billion.
BlackRock’s ETHA led the session with $150.83 million, representing 81.6% of total daily inflows. The fund added about 62,460 ETH and held $7.84 billion in net assets. Furthermore, BlackRock’s ETHB attracted another $9.94 million.
Consequently, BlackRock’s two products collected $160.77 million, accounting for 86.9% of the session’s inflows. Other funds also recorded positive flows. Grayscale ETH received $11.51 million, while Fidelity FETH drew $9.62 million. Bitwise ETHW added $2.24 million, and Morgan Stanley MSSE collected $778,770.
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