Ether ETF Inflows Fuel Rally; Seasonality Flags September Dip
Ether jumped about 20–25% in August to around $4,759 after dovish Federal Reserve comments at Jackson Hole spurred roughly $2.8 billion in spot Ether ETF inflows. Historically, Ether seasonality shows that strong August rallies in 2017, 2020 and 2021 preceded mid-6% average pullbacks in September. This year’s market dynamics are different. Active spot Ether ETFs now exist alongside over $13 billion in on-chain corporate Ether holdings, including BitMine’s $45 million addition to reach a $7 billion position. Meanwhile, Bitcoin dominance has fallen to approximately 55%. Traders should monitor ETF inflows, on-chain corporate accumulation, exchange supply metrics and macro signals. While seasonality warns of a potential September dip, robust Ether ETF inflows and institutional purchases may cushion any correction.
Bullish
Robust spot Ether ETF inflows and significant corporate accumulation point to strong demand for Ether, underpinning the price after a 20–25% August rally. This shift reduces reliance on Bitcoin and introduces new institutional liquidity, which could extend the rally beyond historical August strength. However, Ether seasonality warnings of average September pullbacks suggest traders should remain cautious of a short-term dip. Net effect: bullish for Ether, as sustained ETF and institutional demand may outweigh seasonal headwinds and stabilize the market.