September is traditionally considered the most problematic month for Ethereum: the median decline in this month exceeds 12%. The first week of September in 2025 supports the historical trend: outflows from ETFs and traders' indecision intensify pressure on the price of ETH.

And yet, the current month may be an exception. Three bullish signals have formed in the market that could change the usual scenario and push Ethereum to new highs.

At the time of publication, Ethereum is priced around $4,406. This week, the price dropped to $4,261 but quickly recovered. There has not yet been a significant breakthrough, however, large holders are showing active accumulation.

The volume of ETH held by whales off exchanges increased from 95.72 million ETH to 99.41 million ETH in one day. This is a net purchase of 3.69 million ETH, which corresponds to more than $16 billion at the current rate. Such growth indicates confidence among large investors. While retail traders are hesitant, whales seem to be preparing for a new rally.$ETH $WCT $KAVA