Key Insights
Ethereum price forecasts remain bullish, with correction providing buying opportunities.
The Ethereum ETF attracted $189 million, with BlackRock's ETHA leading the way with $122 million.
Whale buying combined with ETF inflows may provide support for Ethereum's next resistance test.
Ethereum price forecast: ETH breaks through US$2200
Ethereum price forecast has once again become the focus after ETH showed significant fluctuations on the daily chart. In addition, whale activity and the re-emergence of institutional needs in ETFs have also attracted much attention.
Ethereum rose 17.7% to $2,275.94 in 24 hours, consolidating the price range between $1900 and $2300.
Meanwhile, the U.S. spot Ethereum ETF recorded a daily net inflow of US$189.15 million on August 19, of which BlackRock's ETHA contributed the largest share.
The Ethereum crypto market also saw large wallet activity during this volatility. Several whales extracted Ethereum from Binance, and analyst Michael Van de Poppe described recent ETH price movements as part of a bullish market trend. He also pointed out that pullbacks could provide buying opportunities as Ethereum moves to higher levels relative to Bitcoin.
At the same time, the forecasts and potential price levels mentioned in this article are generated through technical analysis and are affected by market uncertainty. No technical indicator can reliably predict future cryptocurrency prices. Readers should view these forecasts as analytical perspectives rather than investment advice and study them for themselves before making financial decisions.
Ethereum price forecast: ETH breaks through $2200 level
Ethereum's latest rebound pushed the asset through multiple key price zones during the trading session. The 24-hour trading range showed ETH fluctuated between $1,932.66 and $2,318.66 before stabilizing around $2275. This trend followed a strong rebound from the low end of the range.
Interestingly, buyers successfully pushed ETH back above the $2000 and $2100 barriers, and then rebounded above $2200. Ethereum hit an intraday high of $2,318.66 later in the day.
Meanwhile, Lookonchain reported an increase in whale activity during the rebound. According to reports, wallet address 0x2d59 once again withdrew 30,000 ETH from Binance, worth approximately US$67.42 million. The wallet has withdrawn a total of 120,000 ETH pieces worth approximately US$237.7 million in the past three weeks.
Ethereum (ETH) Whale Transfer
In addition, Abraxas Capital withdrew 18,000 ETH from Binance, worth approximately US$39.56 million. A newly created wallet 0x2261 also withdrew 6704 ETH pieces on the same day, worth nearly $14 million.
BlackRock ETHA leads ETF inflows
Institutional capital flows provide another active factor for the Ethereum market. SoSoValue data showed that the U.S. spot Ethereum ETF recorded a total daily net inflow of US$189.15 million on August 19. These inflows brought the cumulative net inflow of the Ethereum ETF to US$11.74 billion.
US Ethereum ETF Fund Flow
BlackRock's ETHA recorded its largest contribution of the day in the Ethereum ETF. The fund attracted $122.12 million in inflows, or approximately 58.24 million ETH. Its cumulative net inflow reached US$11.85 billion and its net assets were close to US$6.52 billion.
In addition, Fidelity's FETH recorded a daily net inflow of US$36.54 million. The fund added approximately 17.42 million ETH, bringing its cumulative net inflow to US$2.16 billion. FETH's net assets are approximately $1.05 billion.
The grayscale Ethereum ETF also reported positive changes during the trading session. The fund recorded a daily net inflow of US$16.04 million, or approximately 7650 ETH. Its cumulative net inflow reached US$1.84 billion and its net assets were close to US$1.81 billion.
Analysts track Ethereum price momentum and correction
Ethereum's recent performance has also attracted the attention of market analyst Michael Van de Poppe. The analyst described ETH's move as a strong market shift and noted that the asset had hit a level of 0.033 BTC.
Ethereum Price Forecast
Based on Van de Poppe's analysis, Ethereum's trend shows current market strength, while he expects a possible correction amid continued price action. His views focus on Ethereum's performance relative to Bitcoin and the potential buying area during the pullback.
At the same time, the combination of whale withdrawals, ETF inflows and the latest price movements remains the focus of Ethereum price forecast discussions.

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