Ethereum appears to be bracing for a turbulent September as it struggles to maintain its footing in a volatile crypto market. Despite closing August with an impressive $4,390, its highest monthly close since November 2021, Ethereum’s momentum has been disrupted. A sharp pullback has seen the price dip to the $4,250 mark, with market analysts suggesting that this choppy phase could extend through September before potentially rebounding in the fourth quarter.
Historical Patterns and Analyst Insights
Historically, September has not been kind to Ethereum. Data from CoinGlass reveals that since 2016, the cryptocurrency has often stumbled during this month, averaging a negative return of 6.1%. Cipher X, a well-regarded market watcher, points out that Ethereum has endured double-digit losses five times during September, with 2017 witnessing a steep 21.65% decline. However, Cipher X also notes an intriguing pattern: October and November have typically been more forgiving, with average returns of 4.7% and 7.8%, respectively. “September might be choppy but the months that follow have usually been much friendlier to ETH,” the analyst mused, suggesting that investors might see a silver lining as the year progresses.
Further adding to this sentiment, Bitfinex is bullish on a potential Q4 recovery. In a recent report, the crypto exchange indicated that September could very well be the cyclical low point before structural factors drive a resurgence. Despite the turbulence, institutional accumulation remains robust, with only 18.3 million ETH sitting on exchanges—a sign that big players are still in the game. This aligns with our recent coverage on how Ethereum Leads Market While Altcoins Lose Ground, highlighting Ethereum’s resilience amid broader market shifts.
Navigating the Current Market Conditions
The market’s current state is not without its challenges. Michaël van de Poppe, a respected analyst, highlights that Ethereum might undergo a 10%-20% correction this month, potentially dipping to the $3,900-$3,400 range—an area previously identified as an accumulation zone. He remains optimistic, suggesting this correction could set the stage for a significant Q4 rally. This sentiment echoes our analysis in Ethereum Price Analysis: Critical Juncture Could Define ETH’s Bull Market Status, where we explore the pivotal levels that could determine Ethereum’s trajectory.
On the technical front, Daan Crypto Trades warns of the lack of momentum. Ethereum has been oscillating between $4,300 and $4,500, consolidating without clear direction. This stagnation could lead to a retest of range lows, where critical support levels such as the 200-Day Moving Average and Exponential Moving Average are located on the 4-hour chart. However, a break above the local range could catapult Ethereum into its price discovery phase, opening the doors for new highs.
Looking Ahead: Potential for Growth
Despite the current volatility, there is optimism among experts about Ethereum’s long-term potential. Market watcher Merlijn The Trader affirms that Ethereum has entered an expansion phase, with the $4,000-$4,100 zone recently serving as a solid support. According to him, this multi-year trendline has transformed from a resistance level into a launchpad. Once Ethereum breaks out, it could propel the cryptocurrency toward the $7,000 milestone.
Ethereum enthusiasts are watching closely, as the digital asset trades at around $4,268—a 4% decline in the daily timeframe. The market’s next moves could reveal whether the anticipated Q4 rally will materialize or if Ethereum will continue its September slump. As the crypto world remains on edge, all eyes are on the charts, waiting to see which way the digital wind will blow.
In this unpredictable landscape, the question isn’t just whether Ethereum will rebound, but when. The coming months could hold the answer, as the cryptocurrency community braces for what could be a pivotal Q4.
Source
This article is based on: No Ethereum Rally Until Q4? Analyst Eyes Choppy September Before New Highs
Further Reading
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- Bitcoin, Ethereum and XRP Hold Steady as ‘Red September’ Kicks Off
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
