In August, Ethereum recorded over $3 billion in ETF inflows, contributing to a price increase to $4,415. Analysts suggest that the ETH price may reach $8,500.
Strong ETF Inflows Support ETH Price
According to reports, spot Ether ETFs attracted daily inflows averaging several hundred million dollars. On record days, totals surpassed $1 billion.
These inflows heightened net assets across Ether ETFs to historical highs, marking one of the strongest months for ETH since the launch of ETFs.
The ETH price gained 4.77% over the past week and almost 28% over the past month.
Institutional Demand Fuels ETH Trend
In August, there was a notable increase in institutional participation. Asset managers and large funds boosted their allocations to ETH via regulated products.
Analysts mentioned that this limited selling pressure while contributing to long-term accumulation. Major ETFs from leading financial firms attracted most inflows, reaching new records in assets under management.
Analyst Yashasedu projected an ETH price target of $8,500 if Bitcoin rises to $150,000.
Ethereum Outlook Shaped by Upgrades and Ecosystem Growth
Network developments also played an influential role in market sentiment. Ethereum's recent upgrade improved scalability and reduced transaction costs.
Analysts noted that this made Ethereum more efficient for users and developers. Layer 2 protocols such as Arbitrum and Optimism showed steady adoption.
The total value locked across these platforms increased in August, indicating stronger participation in decentralized finance applications.
Ethereum entered late August near multi-year highs. ETF inflows, institutional demand, and technical signals indicate continued upward momentum. Projections for the ETH price vary, with some expecting a target of $7,500 by year-end, while others see potential for $8,500 if institutional demand remains robust.
