$ETH (ETH) recovered the $1,800 price level on Saturday after US spot Ether ETFs (exchange-traded funds) recorded their first weekly inflows since February.

Ethereum ETFs recorded net inflows of $104.1 million on Friday — their highest daily inflow since February 4, per SoSoValue data. As a result, the products saw a weekly net inflow of $157.1 million, which also marks their highest net buying activity since February.

The weekly inflow was dominated by Fidelity's FETH, BlackRock's ETHA and Grayscale's ETH.

The increased buying pressure from institutional investors follows President Trump's softening rhetoric concerning the US-China trade war and Paul Atkins assuming the role of Securities and Exchange Commission (SEC) Chair during the week.