Spot Ethereum ETFs witnessed unprecedented inflows of $2.91 billion for the week ending August 14, significantly outpacing Bitcoin ETFs' $561.95 million. This surge reflects robust institutional confidence, driving ETH's price to $4,704 – just 5% below its all-time high – with a 7-day gain of 18.68%. Analysts note ETH faces resistance at $4,600-$4,800 amid overbought conditions (RSI: 72), with forecasts suggesting a potential dip to $3,200 before a rally toward $8,000.
Concurrently, AI-powered DeFi platform Unilabs raised $13 million in its ongoing ICO, now in Phase 6. Ethereum whales are heavily backing the project, drawn by features like real-time AI market analytics, 122% APY staking rewards, and meme coin detection tools. UNIL tokens are priced at $0.0097 during the presale (with a 50% bonus via code CMC50), and analysts project a Q4 target of $0.50 following its 200% post-launch growth. Despite momentum, concerns linger over Unilabs' lack of external audit transparency.