BlackRock Leads Ethereum ETF Inflows to Record $1.52 Billion Amid Price Correction

Ethereum's price plummeted to $2,436 on August 29, marking a 2.33% daily decline amidst a broader cryptocurrency market downturn.

The U.S. spot Ethereum ETFs continued their impressive run, attracting $1.52 billion in inflows over the past ten consecutive trading days, with BlackRock's ETHA dominating the scene by securing approximately 72% of total flows, amounting to $1.02 billion across nine sessions.

The Senate will hold a cloture vote on the CLARITY Act on September 15, but market analysts remain focused on Ethereum's technical analysis, with critical support resting at $2,350 and resistance appearing at $2,500.