Ethereum (ETH) Price: “Don’t Sleep on ETH” - Analyst Flags Trend Reversal After Best Month Since 2025
TLDR
- ETH gained 32.5% in August, its best month since July 2025
- US spot ETH ETFs pulled in $1.85 billion in net inflows during August
- Whales accumulated 430K ETH while retail investors sold off holdings
- ETH is struggling to break the $2,550 resistance level, currently trading around $2,463
- BitMine purchased 53,501 ETH last week, bringing its total holdings to roughly 5.9 million ETH
Ethereum is trading around $2,463 on September 2, up about 1.79% over the past 24 hours. That follows a strong August where ETH posted a 32.5% monthly gain — its best performance since July 2025.
The rally was driven largely by US spot ETH exchange-traded funds. According to SoSoValue data, these products attracted $1.85 billion in net inflows during August, their best month in over a year. The funds closed the month on an 11-day inflow streak, with only four negative days recorded across the entire month.
Whale wallets holding between 10,000 and 100,000 ETH accumulated 430,000 ETH during August, with most of that buying concentrated in the final two weeks. At the same time, retail wallets offloaded hundreds of thousands of ETH, suggesting a clear rotation from smaller holders to larger ones.
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