The price of ETHER 25 % has increased since the beginning of August, but historical data indicates that the cryptocurrency may lose Steam in September.
The time will only be determined whether ETHER (ETH) is operating differently this year, as billions flow to investment funds circulating in space and treasury companies.
Crypto Trader Cryptogoos He said In the Publishing X on Friday, “ETH season in September during the afternoon years is usually negative. Will this time be different?”
The ether is trading at $ 4,759 at the time of publication, an increase of about $ 952 of its opening price on August 1 of $ 3,807, According to To Coinmarketcap. Crypto Asset crossed new levels above 4,867 dollars on Friday after comments from the President of the US Federal Reserve Jerome Powell at the Jackson Hole symposium.
History suggests caution for ether during the month of September
Powell hinted to reduce the potential interest rate next month, which many in the encryption market see as a potential upright.
However, history indicates caution for ether because there have been only three cases since 2016, when Ether published gains in August, each of which followed a decrease in September, According to To Coinglass.
In 2017, Eter 92.86 % rose in August before a decrease of 21.65 % next month.
The pattern is repeated in 2020, with a 25.32 % increase in August, followed by 17.08 % in September. In 2021, Al -Atheer rose by 35.62 % in August before sliding 12.55 % in September.
Al -Atheer took place in the last three months of 2016 and 2020
Interestingly, although September witnessed losses in 2016 and 2020, ETHER was published upside down in each of the next three months in both years.
However, this September can play differently from previous years, with Eter Eth Etfs and Eter Treasury Companes, which was not active during last August marches.
On August 11, the total ether kept by the encryption treasury of $ 13 billion, as the price of encoded currency increased to $ 4,300.
Saturday, Blockchain Intelligence Arkham I mentioned Tom Lee, a bitten head, bought another $ 45 million of the ether for the company that reaches a total point of $ 7 billion.
August was an important month for the Instant Ether Investment Funds
Meanwhile, ETHER ETHER ETFS witnessed a net of $ 2.79 billion in August alone, while the Bitcoin Investment Funds (BTC) published about $ 1.2 billion in net external flows throughout the same period, According to To Farside.
Related to: ETH data and PAVE PAVE ETH path
Head of Wealth Department at Novadius Nate Girassy He said In a post on Saturday, there was a “remarkable shift” in the flows between instant ether funds and investment funds circulating in Bitcoin.
At the same time, Bitcoin dominance,, Which measures its total share in the market, has decreased by 5.88 % over the past thirty days to 58.19 %, which many participants in the market are usually attributed to the capital revolving in the broader encryption market outside BTC.
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2025-08-24 05:30:00
