3 Reasons Why September Could Be Bullish for Ethereum (ETH)

If ETH closes this month in positive territory, it would be the first time ever it posts back-to-back gains in August and September. August has been the best month for the second-largest cryptocurrency so far this year, and now bulls have set their attention on September, expecting additional gains in the next four weeks. Check out what suggests that a further green wave could indeed be in the cards. The Positive Factors As of this writing, ETH trades at around $2,380 (per CoinGecko), representing a 28% monthly pump. Its strong performance comes on the back of a broader market resurgence witnessed during the second half of August. Recall that BTC briefly jumped past $81,000; one can explore the exact catalysts in our detailed article here. For its part, ETH temporarily climbed above $2,550, while growing institutional demand suggests the local peak may be surpassed this month. SoSoValue’s data shows that spot ETH ETFs have closed 12 consecutive green days, attracting over $1.5 billion in capital within that period. The last time the funds recorded such a sustained run was in July 2025. Spot ETH ETFs, Source: SoSoValue Next on the list is the amount of ETH stored on cryptocurrency e...