Ether rises in August – but will September break the party?

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The Ethereum rally this month was pointed, but traders are warned to watch September carefully.

Ether He increased about 20% from the beginning of August, trading at USD 4,745 at the time of publication. Prices even pierced $ 4,860 after DOVISH comments From the chairman of the US Federal Reserve, Jerome Powell with Jackson Hole Symposium, a movement that many in Crypto perceive as a possible spark for major benefits.

Historical September withdrawal

According to KinglasHistory offers a warning: from 2016 there are only three cases in which Ether was created in August, and then slipped in September.

In 2017, Ether jumped by 92% in August, and then fell by 20% in the next month. In 2020, after profits in August 25% was withdrawn in September.

And in 2021, 35% climbing in August gave way to 12% in September. Cryptogoos, trader on X, summed up this absolutely: seasonality in September in the years after sense is usually negative.

This pattern does not mean that the repetition is guaranteed. Reports revealed that both the market structure and investor profiles are now different than in previous years.

In 2016 and 2020, after compact -term losses in September, multi -month recovery took place, and Ether has published a plus in the last three months of these years. So, although history matters, it does not decide about the results.

Novel money, recent dynamics

This month, ETF flows in Ether were immense enough to attract attention. Based on the reports Farside ETF Spot Ether in August recorded around $ 2.70 billion net inflow, while ETF Bitcoin occurred in the same period about $ 1.2 billion.

Ethereum is now trading $ 4,795. Chart: TradingView

At the same time, companies that keep the crypto on their balances now control a immense part of the ether. Reports show that the total ether owned by tax companies reached $ 13 billion on August 11.

Arkham announced that the chairman of Bitmine Tom Lee bought another 45 million ether dollars, raising Bitmine pile to $ 7 billion.

These numbers change mathematics. Vast institutional stacks and demand for ETF can make pointed, compact -term movements more hard-wearing than in previous cycles.

Capital seems to turn; The domination of Bitcoins has dropped by 5% in the last 30 days to 55%, which market participants assign funds to assets outside Bitcoin.

What traders can do next

Traders and portfolio managers will probably have an eye on macro signals and flow data. The pliable perspectives of Powell interest rates are stubborn with risk asset, but seasonality and previous declines after August are causes to be careful.

A distinguished picture from Unsplash, TradingView chart

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