As September looms, is Ethereum due a seasonable pullback?

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With September conscionable astir the corner, Ethereum bulls are jittery, since the ninth period of the calendar twelvemonth has typically been associated with weakness by the number-two coin. With an mean nonaccomplishment of -6.42% since 2016, September is the azygous worst-performing period for Ethereum implicit astir cycles.

Ethereum has been connected a tear, fueled by institutions

Ethereum has been connected a teardrop lately, closing successful connected all-time highs and breathing caller beingness into the ETH assemblage and beyond. As of mid-August 2025, ETH is trading supra $4,700, up astir 76% year-to-date and astir 25% conscionable since the commencement of August, marking its champion terms show since the 2021 bull run.

Institutional inflows person been a large operator of Ethereum’s rally, arsenic spot ETH ETFs attracted astir $3 cardinal successful nett inflows passim August, propelling prices higher and revealing caller trends among organization buyers.

Corporate treasury adoption is besides ballooning, with companies collectively amassing implicit $17 cardinal successful ETH reserves this twelvemonth alone, locking up proviso and intensifying terms momentum.

Fundstrat co-founder and existent president of BitMINE Immersion Technologies, Tom Lee, has made headlines this twelvemonth with his company’s strategical pivot to Ethereum.

In conscionable implicit a month, BitMINE accumulated the world’s largest firm Ethereum treasury, boasting implicit $6.6 billion successful ETH to go the largest ETH holder, surpassing adjacent large concern and tech firms, specified arsenic ConsenSys.

Macro conditions person remained favorable arsenic well, arsenic dovish signals from the U.S. Federal Reserve and improving planetary hazard sentiment contributed to deeper organization interest.

On-chain factors similar DeFi activity, and protocol upgrades similar Pectra person further reduced liquid proviso and incentivized longer-term holding, creating almighty tailwinds for ETH’s terms performance.

ETH’s notorious September weakness, bull tally over?

However, arsenic September approaches, portfolio rebalancing aft summertime runs, and tax-related selling could service to damper the flames of a blistery summer. Bitcoin and crypto trader Crypto Rover questioned Ethereum’s funny seasonality, posting:

“SEPTEMBER IS USUALLY A BEARISH MONTH FOR $ETH

Not conscionable successful general, but particularly successful post-halving years.
2017: -21.65%
2021: -12.55%
2025: ???
What’s your prediction?”

ETH’s terms past reveals a persistent and often brutal September pattern. Since 2016, ETH gains successful August are regularly wiped retired successful September. In 2017, ETH rallied 92% successful August, past dropped -21.65% successful September, aft China announced a prohibition connected ICOs.

In 2020, the Eth terms was up astir 25%, followed by a 17% pullback successful September, and successful August 2021, ETH recovered itself up immoderate 35% lone to retrace by 12% successful September.

Not everyone is bearish connected Eth

Despite the undeniable pattern, not each analysts are bearish. Standard Chartered Bank precocious forecast ETH terms to scope $7,500 by year-end 2025, with a longer-term people of $12,000 successful 2026 and $18,000 by 2027.

On August 13, 2025, Tom Lee told CNBC that helium expects Ethereum to “keep charging ahead” with upside propelled by ETF inflows and organization adoption pushing the terms supra $7,000 a coin.

While the information suggests ETH faces a seasonal headwind successful September, particularly aft a beardown August, if ETH tin subordinate its September curse, a bullish Q4 awaits.

The station As September looms, is Ethereum owed a seasonable pullback? appeared archetypal connected CryptoSlate.

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