Ethereum (ETH) Price Rallies 32.5% in August — Analyst Warns Against Overlooking Bullish Reversal

Key Highlights

• August saw ETH climb 32.5%, marking its strongest monthly showing since July 2025
• Spot Ethereum ETFs in the United States registered $1.85 billion in net capital inflows throughout August
• Large holders amassed 430K ETH as smaller investors reduced their positions
• Price action shows ETH battling to overcome the $2,550 barrier, currently hovering near $2,463
• BitMine added 53,501 ETH to its portfolio last week, pushing total reserves to approximately 5.9 million ETH

As of September 2, Ethereum is changing hands around $2,463, reflecting a 1.79% increase in the last 24-hour period. This comes after an impressive August session where ETH delivered a 32.5% monthly advance — representing its strongest performance since July 2025.

Ethereum (ETH) Price

The surge was primarily fueled by United States-based spot Ethereum exchange-traded funds. Data from SoSoValue indicates these investment vehicles drew in $1.85 billion in net capital during August, representing their strongest monthly showing in more than 12 months. The funds concluded August with an impressive 11-consecutive-day inflow sequence, experiencing just four sessions of outflows throughout the entire period.

Large wallet addresses containing between 10,000 and 100,000 ETH purchased 430,000 ETH throughout August, with the majority of this accumulation occurring during the latter half of the month. Simultaneously, smaller retail addresses disposed of significant ETH holdings, indicating a pronounced shift from individual investors to institutional players.

Source: CryptoQuant

Staking participation also experienced notable growth. Ethereum staking smart contracts received 1.4 million ETH during August, representing the most substantial monthly expansion since February 2024. Increased ETH deposits into staking mechanisms effectively decrease circulating supply in the market.

Market analyst BATMAN highlighted this momentum change on X, observing that ETH “seems to not be getting the attention it deserves.” He emphasized that the recent price movement signaled a trend reversal toward bullish territory following nearly twelve months of downward pressure. He observed that the 50-day moving average, which had consistently served as resistance, is now functioning as a support level. His advice to the community: “Don’t sleep on ETH.”

Resistance at $2,550 Proves Stubborn

Notwithstanding August’s impressive performance, ETH has encountered difficulty breaking through the $2,550 threshold. Several breakout attempts have been unsuccessful in establishing a sustained move beyond this price point. On-chain specialist Ted Pillows observed that leveraged long positions are accumulating rapidly at current price levels, creating potential liquidation risk if ETH faces another rejection. Open interest has climbed to approximately 4.973 million, accompanied by elevated funding rates.

Should bulls fail to defend present levels, the $2,250–$2,300 range represents the next significant support zone worth monitoring. Successfully clearing $2,550 could potentially trigger a rally toward the $2,650–$2,700 territory.

Corporate Accumulation Persists

Corporate appetite for ETH has remained strong despite near-term consolidation. BitMine acquired another 53,501 ETH during the previous week, increasing its cumulative position to roughly 5.9 million ETH.

Market commentator DonAlt has highlighted that macro resistance between present price levels and the $4,000–$4,100 range appears relatively sparse, establishing that zone as an important longer-term objective should ETH sustain upward momentum.

ETH currently trades at $2,463, with the $2,550 level representing the most prominent near-term resistance obstacle on the chart.

The post Ethereum (ETH) Price Rallies 32.5% in August — Analyst Warns Against Overlooking Bullish Reversal appeared first on Blockonomi.