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Ethereum rises 32.5% in August, driven by $1.85B inflows into US spot ETFs, but struggles to break $2,550 resistance.

Market News
02 Sep 2026
Blockonomi
View Source
Bullish
Ethereum rises 32.5% in August, driven by $1.85B inflows into US spot ETFs, but struggles to break $2,550 resistance.

Ethereum surged 32.5% in August, its strongest monthly gain since July 2025, fueled by $1.85 billion net inflows into US spot Ethereum ETFs and large holders accumulating 430,000 ETH. Smaller investors reduced holdings while staking participation grew, reducing circulating supply. Despite this momentum, ETH faces resistance near $2,550, with leveraged positions raising liquidation risks. If bulls fail to hold, support lies around $2,250–$2,300, while clearing $2,550 could trigger a rally toward $2,650–$2,700. Corporate accumulation continues, with BitMine adding 53,501 ETH to its 5.9 million ETH reserves, signaling strong institutional interest.

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