Ethereum Surges On Inflows, But September May Break Driven by 638 million dollars in inflows on its ETFs in one week, Ethereum establishes itself as the asset of the moment among institutional investors. However, technical and historical signals call for caution. With 99 % of the supply currently in profit and a traditionally bearish September, the market could quickly turn. TrendBehind the euphoria of incoming flows, some technical signals and historical data urge caution. While the ETH price currently hovers around 4,520 dollars, several indicators point to an increased risk of short-term profit-taking.

Historically, September is hardly favorable for the asset, as Ethereum’s median return in September is -12.7% since inception. And this pattern could well repeat.

According to on-chain data, nearly 99 % of the circulating supply of ETH is currently in profit, a level considered excessive and often correlated with corrective phases.

Behind the euphoria of incoming flows, some technical signals and historical data urge caution. While the ETH price currently hovers around 4,520 dollars, several indicators point to an increased risk of short-term profit-taking.

Historically, September is hardly favorable for the asset, as Ethereum’s median return in September is -12.7% since inception. And this pattern could well repeat.

According to on-chain data, nearly 99 % of the circulating supply of ETH is currently in profit, a level considered excessive and often correlated with corrective phases.

Technically, ETH moves within a

Technically, ETH moves within a