ETF Inflows Fuel BTC vs ETH Price Action Ahead of August Close

Bitcoin and Ethereum have seen significant inflows of exchange-traded fund (ETF) investments this week, leaving traders to debate which asset will end August in a positive note. According to @CryptoKing4Ever, both assets are experiencing heavy ETF inflows, adding fuel to the ongoing price action.

The current price of Bitcoin holds at $65,094.59 within a bullish structure, with its 50-day exponential moving average (EMA) at $64,313.87 serving as a key support level. In contrast, the 200-day EMA at $63,696.87 anchors the longer-term uptrend for Bitcoin.

The MACD golden cross at 284.36 reinforces momentum in favor of Bitcoin, while its relative strength index (RSI) remains neutral at 63.21. However, as both assets test their upper Bollinger Bands resistance levels, a potential healthy retracement towards the 50-EMA is expected before any continuation higher.