#ETH Ethereum ETF inflows surpass $729 million, Ethereum price target at $8,500

In August, Ethereum ETF inflows surged over $3 billion.

The influx of funds supports a strong rise in ETH prices

The daily average inflow for spot Ether ETFs reached hundreds of millions of dollars, peaking at over $1 billion.

These inflows have pushed the net asset size of Ethereum ETFs to a historic high. Analysts state that this is one of the strongest performing months for Ethereum since the ETF's launch.

In the past week, the ETH price has risen by 4.77%, and in the past month, it has increased by nearly 28%.

Currently, the ETH price is hovering around $4,400, below the historic high of $4,890 reached at the end of 2021.

Technical indicators show a strengthening market. The relative strength index, which tracks overbought or oversold conditions, remains in the bullish zone without excessive volatility.

The moving average convergence divergence (MACD) indicator shows that buying pressure continues to exist. The Bollinger Bands are widening, indicating increasing volatility.

In August, institutional investor participation has expanded. Asset management firms and large funds have increased their allocation to ETH through regulated products.

Analysts say this has limited selling pressure while increasing long-term accumulation.

The flagship ETF of leading financial firms has attracted most of the inflows, with asset management sizes reaching new highs.

Compared to earlier retail-driven rallies, this shift highlights increased trust in regulated Ethereum risk exposure.

Based on historical market cap ratios and peaks in ETF activity, analyst Yashasedu predicts that if Bitcoin rises to $150,000, the ETH price could reach $8,500.

Standard Chartered has also raised its year-end ETH price forecast to $7,500, noting increased institutional interest, equity returns, and regulatory clarity.

As more tokens exit circulation and the use of staking protocols increases, further supporting demand for ETH.