Ether Surges 20% in August Amid Caution for September Trends

Ethereum's price increased by 20% since early August, reaching $4,745. Prices peaked at $4,860 following remarks from US Federal Reserve Chair Jerome Powell.

Historic September Pullbacks

Since 2016, Ether has only risen in August three times before declining in September.
In 2017, a 92% rise in August led to a 20% drop in September.
In 2020, gains of 25% were followed by a 17% pullback.
In 2021, a 35% increase resulted in a 12% decline.
Traders note that September's seasonality is typically negative in post-halving years.

Current market dynamics differ from past patterns. Previous short-term losses in September did not prevent multi-month recoveries later in the year.

New Money, New Dynamics

Spot Ether ETFs saw net inflows of approximately $2.70 billion in August, while Bitcoin ETFs experienced $1.2 billion in outflows.
Companies holding crypto on balance sheets controlled over $13 billion worth of Ether as of August 11.
BitMine chairman Tom Lee purchased an additional $45 million in Ether, raising holdings to $7 billion.
Bitcoin dominance decreased by 5% in the past month, indicating a shift toward other assets.

Traders are advised to monitor macroeconomic signals and flow data, balancing bullish factors against historical seasonal trends.