$ETH Ethereum Price Forecast: ETH ETFs Record First Weekly Inflows Since February

Ethereum Price Today: $1,800

Ethereum ETFs recorded weekly net inflows of $157.1 million this week, their first positive week since February.

Institutional buying pressure follows President Trump's softening rhetoric on tariffs against China and Paul Atkins taking office as SEC chairman.

ETH retested the key resistance of $1,800 amid investor indecision near the 50-day SMA.

Ethereum (ETH) regained the price level of $1,800 on Saturday after U.S. spot Ether ETFs recorded their first weekly inflows since February.

Ethereum Bulls Drive ETH ETFs to First Weekly Inflows Since February

Ethereum ETFs recorded net inflows of $104.1 million on Friday, their largest daily inflow since February 4, according to 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 growing buying pressure from institutional investors follows President Trump's softening rhetoric on the trade war between the U.S. and China and Paul Atkins taking office as chairman of the Securities and Exchange Commission (SEC) during the week.

Considering Atkins' track record working with cryptocurrency companies, most members of the crypto community anticipate that he will take a gentle approach to cryptocurrency regulation.

At a SEC cryptocurrency roundtable on Friday, Atkins noted that he would work with Congress and colleagues to establish a "reasonable and specific" framework for digital assets.