Ethereum Price Holds Above $1,900 as ETF Inflows Soar

Ethereum's price has held above the key $1,900 level after a steady climb through the week. The cryptocurrency is trading around $1,910-$1,918.

US spot Ethereum ETFs saw significant inflows on August 6, with net inflows totaling $92.15 million and cumulative net inflows crossing $11.4 billion. This marks the largest weekly inflow in nearly four months.

The weaker-than-expected US jobs report has eased Fed rate hike fears, boosting risk assets, including crypto. Analysts point to $2,000 as the next key target for Ethereum's price.