Ethereum Just Had Its Best Month in a Year: Can ETH Keep Rallying in August?

ETH outperformed in July but certain warning signs have appeared. Can August be green, too? The summer is not the most exciting period in the cryptocurrency markets, and the past month or so proved it. Nevertheless, Ethereum managed to become one of the few (re)rising stars, surging by roughly 20% and reaching a local peak. History suggests that August has been quite the controversial month for the largest altcoin, and we will explore that data to try to see what could be hiding around the corner in the next 30ish days. ETH Saw Big July Gains The second-largest cryptocurrency by market cap had a violent end to 2025 and a similarly painful start to 2026. Its troubles began after the all-time high marked in August last year, when it was rejected and marked six consecutive monthly closures in the red. The most painful were November (-22.38%), January (-17.52%), and February (-19.81%). A minor relief rally followed in March and April with gains of around 7% each. However, the bears returned in May with an 11% drop, while June was extremely bearish for the entire market and ETH dumped by 21.7%. As such, the expectations for July were high for a rebound. Historically, it hasn’t been Ethe...