Opinion: Ethereum growth will end in September

Historical data indicate the high probability of Ethereum correction in September, noted a cryptoentho -leopy under the nickname Cryptogoos.

Since the beginning of August, the price of the second in capitalization of cryptocurrency has increased by 25% and updated the historical maximum, exceeding the previous record of $ 4867.

However, since 2016, the broadcast has only demonstrated growth three times this month, and each time it followed the fall-by 12-21%. For example, in August 2017, Ethereum went up by 92%, and in September fell 21%. A similar pattern was observed in 2017 and 2021.

Will 2025 be an exception?

According to some community participants, new factors that can turn the trend appeared in the current cycle on the air market. The main feature of 2025 is the activity of institutional players.

Over the past month, the explosion Ethereum-ETF attracted $ 2.79 billion. For comparison, for the same period, exchange funds based on bitcoin recorded an outflow of $ 1.2 billion.

Meanwhile, corporate treasury accumulated 4.1 million ETH in the amount of $ 18.7 billion. The leader among public companies – Bitmine Immersion Tech, which is controlled by over 1.5 million ETH worth $ 6.9 billion.

Together with the ETF, companies own almost 9% of the total broadcast of ether.

Against the background of the last rally, the crypto acting of Bitcoin Chita began to sell digital gold for investment in Ethereum.

Be in the know! Subscribe to Telegram.


Source: Cryptocurrency

You may also like