Ethereum surged 25% in August, attracting nearly $3 billion in ETF funds! But with September's "curse" upon us, will the historical 6.42% drop repeat itself?

According to Cointelegraph, Ethereum has recently seen a strong rally, with its price soaring from $3,807 on August 1st to the current $4,759, a monthly increase of over $952, or 25%. Federal Reserve Chairman Powell's dovish remarks at the Jackson Hole conference directly helped push its price past the critical $4,867 mark.

Capital flows also performed strongly, with spot Ethereum ETFs recording a net inflow of approximately $2.79 billion in August, a stark contrast to the $1.2 billion net outflow of spot Bitcoin ETFs. As a result, Bitcoin's market share has fallen by 5.88% to 58.19%, and Ethereum's market competitiveness continues to improve. Furthermore, data from August 11th showed that the total value of assets held by the Ethereum Treasury Company exceeded $13 billion, providing strong support for the stability of the ecosystem.

However, Ethereum is about to face a "September test." CryptoGoos pointed out on the X platform that historical data isn't kind to ETH. Since 2016, Ethereum has experienced an average September decline of 6.42%, repeatedly exhibiting an "8-up, 9-down" pattern. After a 92.86% surge in August 2017, it immediately plummeted 21.65% in September; this trend was repeated in 2020 and 2021.

However, September 2025 may hold uncertainties. Whether the continued growth of spot Ethereum ETFs and the substantial holdings of Ethereum Treasury companies can break the long-standing "September curse" has become a major market focus. $BTC $ETH $WLFI