Ethereum has been on a tear lately, closing in on all-time highs and breathing new life into the ETH community and beyond. As of mid-August 2025, ETH is trading above $4,700, up roughly 76% year-to-date and about 25% just since the start of August, marking its best price performance since the 2021 bull run.
Corporate treasury adoption is also ballooning, with companies collectively amassing over $17 billion in ETH reserves this year alone, locking up supply and intensifying price momentum.
Fundstrat co-founder and current chairman of BitMINE Immersion Technologies, Tom Lee, has made headlines this year with his company’s strategic pivot to Ethereum.
Macro conditions have remained favorable as well, as dovish signals from the U.S. Federal Reserve and improving global risk sentiment contributed to deeper institutional interest.
On-chain factors like DeFi activity, and protocol upgrades like Pectra have further reduced liquid supply and incentivized longer-term holding, creating powerful tailwinds for ETH’s price performance.
“SEPTEMBER IS USUALLY A BEARISH MONTH FOR $ETH
Not just in general, but especially in post-halving years.
2017: -21.65%
2021: -12.55%
2025: ???
What’s your prediction?”
ETH’s price history reveals a persistent and often brutal September pattern. Since 2016, ETH gains in August are regularly wiped out in September. In 2017, ETH rallied 92% in August, then dropped -21.65% in September, after China announced a ban on ICOs.
In 2020, the Eth price was up around 25%, followed by a 17% pullback in September, and in August 2021, ETH found itself up some 35% only to retrace by 12% in September.
While the data suggests ETH faces a seasonal headwind in September, especially after a strong August, if ETH can buck its September curse, a bullish Q4 awaits.
