Ethereum May Not Have Peaked Yet — Traders Cite Seasonal Weakness and Continued Inflows

COINOTAG on August 29 reported trader CoinMamba’s assessment that the market appears somewhat *weak*, yet technical readings on Ethereum suggest the rally may not have reached its apex; the move is characterized as a typical seasonal trend rather than a structural reversal.

Earlier, on August 26, Matrixport noted that many summer institutional funds have exited, while Ethereum continued to receive inflows and the Bitcoin ETF complex faced estimated net outflows of about $1.2 billion this month—the second-largest monthly withdrawal after February’s $3.5 billion.

The research house said its posture shifted from bullish in July to cautious in August, emphasizing that macro and liquidity conditions can support price action but that monitoring fund flows and seasonality remains essential for risk management.