Overview

• ETH logged its best August in four years with an ~18% monthly gain and an all-time high near $4,953, before easing into the low-to-mid $4,000s.
• Glassnode data show mega whales (10,000+ ETH) drove the run-up with about 2.2 million ETH in 30‑day net buys before momentum leveled off, while 1,000–10,000 ETH holders added roughly 411,000 ETH over the same span.
• Santiment reports wallets holding 1,000–100,000 ETH accumulated about 5.54 million ETH over five months, increasing their holdings by roughly 14%.
• Institutional flows remain strong, with Ethereum spot ETFs taking in about $3.87 billion in August and BitMine purchasing 14,665 ETH (~$65 million) via Galaxy Digital, as two new wallets moved 34,000 ETH from Binance to Aave.
• CryptoQuant flagged a recent rise in Binance ETH reserves that could reflect profit-taking, while analysts say a decisive break above ~$4,800 would strengthen odds of a push toward ~$5,200–$5,500.