August data is brutal for $ETH - monthly avg sitting at $1,885, literally less than half of Aug 2025's $4,252.
This cycle hits different.
Institutional demand ticking up? Sure. But demand ≠ price action, especially when macro liquidity is still tight and everyone's rotating into narratives that aren't "ETH as ultrasound money."
The gap between fundamentals and price has never been wider. Either the market is massively mispricing $ETH or the narrative shift is real and sticky.
Watch flows, not hopium.
This cycle hits different.
Institutional demand ticking up? Sure. But demand ≠ price action, especially when macro liquidity is still tight and everyone's rotating into narratives that aren't "ETH as ultrasound money."
The gap between fundamentals and price has never been wider. Either the market is massively mispricing $ETH or the narrative shift is real and sticky.
Watch flows, not hopium.