Ethereum price held above $1,918 after a modest rebound supported by improving sentiment across the broader cryptocurrency market.
Bitcoin price also remained above $64,900 as major digital assets recovered from recent weakness.
The Ethereum exchange-traded funds registered a record weekly inflow in almost four months, which enhanced the prospects of further gains.
Meanwhile, the U.S. Senate opened the first voting stage on the CLARITY Act. The bill is still alive and may move to a September vote provided the lawmakers get the necessary numbers.
Nevertheless, the measure continues to have a critical 60-vote bar. The move may reinforce regulatory clarity and enable trust throughout the broader U.S. cryptocurrency market.
BREAKING: The U.S. Senate has opened the first stage of voting on the CLARITY Act.
The bill is still alive and could now move toward a September vote.
The biggest hurdle remains the 60-vote threshold.
If the Senate gets this through, it would be a major step toward finally… pic.twitter.com/3AuxhK2GAX
— That Martini Guy ₿ (@MartiniGuyYT) August 8, 2026
Ethereum ETFs Attract $244.94M in Biggest Weekly Inflow in Four Months
The Ethereum ETF market attracted $244.94 million this week, its strongest weekly inflow in nearly four months. Those gains boosted cumulative net inflows to $11.46 billion, and weekly trading value to $2.38 billion. The recent numbers indicate a new wave of Ethereum investment product demand after weaker flows at the start of the year.
$ETH ETFs bought $244,940,000 in Ethereum this week.
Largest weekly inflow in almost 4 months. pic.twitter.com/h5WLpv4j0p
— Ted (@TedPillows) August 8, 2026
The recent rise is preceded by a series of good weeks, with increased institutional demand after significant outflows in May and June. Weekly inflows included $105.44 million on July 17 and $103.90 million on July 24. The flows continued to pick up in August, indicating that Ethereum products recovered ground as more people in the crypto industry got a positive mindset.
U.S. Spot Bitcoin ETFs Record $98.85M in Net Inflows, Extend Streak to Five Days
According to SoSoValue data, U.S. spot Bitcoin ETFs recorded $98.85 million in net inflows on August 7 (ET), marking a fifth consecutive trading day of net inflows. U.S. spot Ether ETFs also saw… pic.twitter.com/QCYOZWFTdm
— Wu Blockchain (@WuBlockchain) August 8, 2026
According to SoSoValue data, Bitcoin ETFs recorded $98.85 million in net inflows on August 7. The outcome continued the streak of positive gains of Bitcoin ETFs in five consecutive trading days. Spot Ethereum ETFs added 49.60 million that day, and the inflow streak of the funds was four sessions in a row.
Will Ethereum Price Rally Above $2k Soon?
The ETH price soared to $1,919.25 as Ethereum extended its rebound and approached the $1,920 resistance zone.
The RSI is 61.03 where the momentum is in the bullish area without the indication of overbought.
The MACD line is 10.31 which is a bit higher than the 9.85 signal line. The positive 0.46 histogram indicates that the bullish momentum is still intact, but the distance between the two lines is small.
A sustained move above $1,920 could place $1,960 as the long-term ETH projection next upside target. A break below 1,960 would reinforce the trend and focus the psychological $2,000 level. Further momentum above that point might indicate a continuation of the Ethereum-wide recovery.
But if ETH gets rejected around $1,920, it could pull back to $1,880 before reaching the next major support at $1,860. Failure to hold above $1,860 is likely to diminish the current structure and put the risk of further losses.