Ether's August Surge: Will History Repeat?
Ether (ETH) rallied 25% in August, reaching highs above $4,867 following dovish comments from the Federal Reserve. However, historical data suggests September often sees ETH pullbacks after August gains.
Since 2016, significant August rallies were followed by September declines: 2017 (-21.65%), 2020 (-17.08%), and 2021 (-12.55%).
This year, new factors like spot Ether ETFs and corporate treasury holdings ($13B+) may alter the trend. August saw $2.79B in net inflows into ETH ETFs, while BTC ETFs experienced outflows. This shift indicates capital moving into altcoins, with ETH benefiting.