ETH ETF inflows and whale accumulation support September bullish outlook
Ethereum (ETH)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Ethereum could post back-to-back monthly gains for the first time if it closes September in positive territory. The asset recently surged 28% in August, briefly climbing above $2,550 before settling around $2,380. SoSoValue data indicates spot ETH ETFs recorded 12 consecutive days of inflows, attracting over $1.5 billion in capital.
Exchange balances dropped to approximately 14.9 million ETH, the lowest level since summer 2016, signaling reduced immediate selling pressure. X user CW noted that large investors continued accumulating in the current price range. Arkham identified mysterious participants purchasing more than $100 million in ETH.
BitMine added 53,501 ETH over the past week, bringing its total to 5,901,112 coins. This marks the 65th consecutive week of acquisitions for BitMine, which aims to hold 5% of the total supply. Despite these signals, September has historically been weak, with prices ending in the red seven out of 11 times.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 2 September 2026. Not the outlet's figures.
Whalio spot data shows ETH trading at $2,418.57 with a 1-hour buy ratio of 54.5%, indicating immediate short-term buying pressure. This contrasts with the 4-hour buy ratio of 49.6% and the 24-hour ratio of 48.6%, suggesting that recent buying is fading over longer timeframes. The 1-hour volume delta is positive at $1,491,719, while the 24-hour delta is negative at -$18,896,159, showing that cumulative selling has outweighed buying over the day. The Cumulative Volume Delta closed at +$14,950,213, indicating that overall volume favored buyers by that amount by the close. Net buying occurred for 13 of the 24 hours, with spot volume reaching $674,850,745 across 2,474,291 trades.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.7%, which is slightly lower than the current 24-hour reading of 48.6%. Volume relative to the weekly average stood at 0.99x, indicating trading activity was nearly identical to the recent norm. Net buying was recorded on only 2 of the past 7 days, contrasting with the 13 days of net buying in the last 24 hours. The price changed by -1.0% over the 8-day period, with a total volume delta of -$192,245,508. This suggests the current day is an unusual spike in buying activity compared to the generally bearish weekly trend.