Ethereum prices have risen by about 25% since early August, but historical data shows that the upward momentum has slowed in September.
However, some believe that this year could see a different dynamic than in the past as billions of dollars of physical Ethereum ETF and corporate treasury purchases continue.
Cryptocurrency trader CryptoGoos wrote in a post on X that "September of the year after the halving usually has a negative seasonal trend for Ethereum. This time, it's different."
Ethereum is currently trading at $4,702 on the cryptocurrency marketplace CoinMarketCap, down from its base price of $3,807 on August 1.
This is a rise of about $895. In particular, on August 16, Jerome Powell, chairman of the US Federal Reserve System (FRB), spoke at the Jackson Hole Symposium.
Powell's easing comments have led to a breakthrough of $4,867. Historically, Ethereum is a market to watch out for in September.
According to nGlass, since 2016, Ethereum has only risen in August three times, and each time it fell in September.
In 2017, the stock price soared 92.86% in August alone, but fell 21.65% in September. In 2020, it also rose 25.32% in August, but fell 21.65% in September.
The stock saw a 17.08% correction in 2021, and also saw a 35.62% rise in 2021 before recording a 12.55% drop in September.
An interesting point is that in both 2016 and 2020, after a drop in September, there was an upward trend from October to December.
However, this year, unlike in the past, there are companies in the market that hold physical Ethereum ETFs and Ethereum Treasuries, so a different development is expected.
In fact, as of August 11, the total value of Ethereum held by companies exceeded $13 billion, which was largely due to the Ethereum price exceeding $4,300.
Additionally, on August 17, blockchain intelligence company Arkham announced that BitMine chairman Tom Lee
Lee reported that he had purchased an additional $45 million worth of Ethereum in his company's name, bringing his total holdings to $7 billion.
Additionally, August was a significant month for physical Ethereum ETFs. According to Hwasaide (Farside), the total value of the August ETF was
Physical Ethereum ETFs recorded net inflows of approximately $2.79 billion, while physical Bitcoin ETFs saw net outflows of approximately $1.2 billion over the same period.
NovaDius Wealth Management
Nate Geraci, president of the Ethereum ETF Management, said, "There is a significant movement of funds between the physical Ethereum ETF and the physical Bitcoin ETF.
"A clear turning point has emerged in the trend," he said.
2025/08/25 11:55 KST
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