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Ethereum surged 32.5% in August, with ETF inflows reaching US$1.85 billion

2026-09-02 18:15:51
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Ethereum rose strongly by 32.5% in August, with ETF inflows reaching US$1.85 billion.

Ethereum continued its bullish momentum in August, with an increase of 32.5% during the month, setting the strongest monthly performance since July 2025. As of September 2, trading prices on this leading smart contract platform were approximately US$2,463, up 1.79% in the past 24 hours.

Spot Ethereum ETF drives capital inflows

Strong capital inflows from U.S. spot Ethereum exchange-traded funds (ETFs) are one of the core driving forces behind Ethereum's rise. According to statistics from blockchain data analysis firm SoSoValue, these ETFs 'net new capital last month reached US$1.85 billion, setting the best monthly performance in more than a year, including net inflows of funds for 11 consecutive trading days, compared with only 4 trading days in August. Net outflows occurred. Spot ETFs allow investors to gain exposure to Ethereum's price without directly holding it, and these products are becoming increasingly popular among institutional investors.

Noun explanation: Spot Ethereum ETF is an exchange-traded fund that tracks the price of Ethereum, settles transactions in real time, and does not use futures contracts.

Large households increase their holdings, retail investors leave the market

In August, Ethereum's position structure showed significant changes. Chain data shows that large wallet addresses holding 10,000 to 100,000 ETH have increased their holdings by 430,000 ETH, with most of the purchases occurring at the end of the month. In contrast, small retail addresses have reduced ETH positions, indicating that institutional investors are increasing their holdings on a large scale at the expense of individual investors. In addition, Ethereum pledge activities have also accelerated. A total of 1.4 million ETH were received in pledge contracts in August, setting the largest monthly increase since February 2024. The increase in the number of ETH locked in by pledge has reduced the supply of market circulation available for trading.

Market observer BATMAN described recent price gains as a bullish reversal after a year of downward pressure and pointed out that the 50-day moving average has provided support for ETH.

US$2,550 resistance remains solid

Although the August rally pushed ETH closer to the US$2,550 mark, it is still difficult to break through this level. Repeated attempts to break through resistance have failed, prompting some analysts to expect short-term fluctuations. Chain analyst Ted Pillows pointed out that leveraged long positions near the current price are accumulating, and if assets encounter another resistance correction, it may increase the risk of liquidation. Open interest has risen to approximately 4.973 million, while funding rates have also increased.

Support: US$2,250-US$2,300
Current resistance: US$2,550
Next resistance: US$2,650-US$2,700

Traders are paying close attention to the $2,250 - 2,300 range, which is seen as the next major support level in the event of a pullback, while a clear closure above $2,550 could open up upside to $2,650 - 2,700.

Institutional increases and long-term goals

Institutional demand remains strong. Large digital asset investment company BitMine purchased 53,501 ETH units last week, raising its reserves to approximately 5.9 million ETH units, confirming that corporate interest continues even during price consolidation. Cryptocurrency analyst Don Alt commented that the current price range to $4,000-$4,100 is relatively light, and if the bullish momentum is maintained, this range will become a key long-term target.

In the short term, ETH trading price will remain at US$2,463, and the US$2,550 level remains the biggest obstacle to further upside.

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