Ethereum extended its bullish momentum in August, climbing 32.5% for its strongest monthly performance since July 2025. On September 2, the leading smart contract platform traded around $2,463, marking a 1.79% gain in the previous 24 hours. Robust capital inflows into US-based spot Ethereum exchange-traded funds were a central force behind Ethereum’s rally. According to blockchain analytics firm SoSoValue, these ETFs registered $1.85 billion in net new capital last month. This marked their largest month of inflows in over a year, including an unbroken 11-session inflow streak and only four sessions of outflows during August.