ETH holds $2,490 support amid ETF inflows and technical signals
Ethereum (ETH)
Editor:
Eugene Serbin
Tradersunion.com reports that Ethereum is trading at $2,493 with modest intraday movement while remaining above key moving averages. U.S. spot Ethereum exchange-traded funds recorded their strongest week of combined net inflows for the period ending August 21, 2026. Cryptodaily Co. states that Ethereum and Bitcoin ETFs together attracted approximately $2.6 billion as trading activity picked up.
This surge in institutional capital broadens investor access and increases demand for Ethereum. On the h4 timeframe, ETH trades above the MA-20 at $2,484 and the MA-50 at $2,433. It also remains above the long-term MA-200 at $2,017 on the daily chart.
The Ichimoku Kijun is positioned at $2,490, acting as immediate support. MACD indicates a strong buy signal, and the RSI reads bullish at 62.48. Analysts noted that steady inflows have provided key support, helping to stabilize the asset.
Upcoming sessions hinge on whether Ethereum can maintain support above the Ichimoku Kijun level at $2,490. A downside move below this level carries a lower 30% probability of prompting further declines.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Whalio data shows ETH trading at $2,510.94 with a 1-hour buy ratio of 35.2% and a 4-hour buy ratio of 46.7%. These short-term readings are lower than the 24-hour buy ratio of 48.6%, indicating that buying pressure is fading in the immediate term. The 1-hour volume delta is -$6,413,941 and the 4-hour volume delta is -$5,080,929, showing net selling in recent hours. The 24-hour volume delta is -$22,699,506, meaning more volume was sold than bought over the full day. A negative volume delta indicates that sellers are dominating the flow. Spot volume for the day is $846,470,842 with 3,426,529 trades.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Twenty-four hours later
What ETH did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
The 7-day average buy ratio is 51.3%, which is higher than the current 24-hour ratio of 48.6%. This represents a 2.6 point drop from the weekly average. Volume is at 0.74x the average, indicating a quieter day than usual. The coin saw a 7.9% price change over eight days. Net buying occurred on six of the past seven days. This is an unusual day for lower volume compared to the weekly norm.