
Jakarta, Pintu News – Ethereum has shown significant gains during August, but traders are reminded to be cautious ahead of September.
Based on data from CoinGlass, history shows that there have only been three instances since 2016 where Ethereum (ETH) has risen in August and then declined in September. In 2017, Ethereum (ETH) rose 92% in August but fell 20% the following month.
In 2020, a 25% increase in August was followed by a 17% decrease in September. In 2021, a 35% increase in August ended with a 12% decrease in September. A trader on X, CryptoGoos, stated that the seasonality in September in post-halving years tends to be negative. Will this year be different?
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Inflows into the spot Ethereum (ETH) ETF this month were large enough to attract attention. According to a report from Farside, the spot Ethereum (ETH) ETF saw net inflows of about $2.70 billion in August, while the spot Bitcoin ETF saw net outflows of about $1.2 billion during the same period. At the same time, companies that hold crypto on their balance sheets now control a large portion of Ethereum (ETH).
Reports show the total Ethereum (ETH) held by these companies reached a value of $13 billion on August 11. Tom Lee, chairman of BitMine, reportedly bought an additional $45 million worth of Ethereum (ETH), increasing BitMine’s total holdings to $7 billion.

Traders and portfolio managers will likely continue to monitor macro signals and current data. A softer view on interest rates from Powell is a bullish factor for risk assets, but seasonality and the previous post-August downturn are reasons to remain cautious.
With changing market dynamics and large capital flows, it is possible that Ethereum (ETH) will continue to show strong performance. However, it is important for investors to consider historical and macroeconomic factors that could affect the price in the market.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.