Ethereum (ETH) concluded August 2025 with a 23% increase, marking a break from three consecutive years of negative August performances. However, September is historically a challenging month for ETH, with only marginal gains recorded in previous years. The Net Unrealized Profit/Loss (NUPL) metric at 0.62 indicates potential profit-taking, as similar levels have previously led to market corrections.
Key technical levels for Ethereum include strong support between $4,323 and $4,375, and resistance from $4,482 to $4,592. The Relative Strength Index (RSI) suggests weakening bullish momentum, pointing to potential range-bound trading. Despite short-term volatility, long-term fundamentals such as treasury accumulation and Ethereum's role in decentralized finance (DeFi) remain robust. Standard Chartered has raised its ETH price target to $7,500, highlighting these supportive factors.
Ethereum Faces Volatility in September Despite August Gains
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