Pi Network Gains Momentum As Ethereum Targets September Growth

Pi Network is capturing attention as the token climbs 11 percent over the last month. Currently trading near 9 cents, the asset has recovered significantly from its July lows. Market observers are watching the 9 to 10 cent support zone closely, with some analysts suggesting a breakout could occur if the price clears 20 cents. While rumors of a token burn continue to circulate, official confirmation remains missing as traders wait to see if the asset benefits from a broader shift in market interest.

Ethereum is currently pushing past the 2,500 dollar mark following a strong 5 percent gain over the last 24 hours. Institutional demand remains a primary driver, as spot ETFs see renewed inflows after a brief pause. Additionally, the amount of Ethereum held on exchanges has dropped to levels not seen since 2016, which suggests that holders are preparing for long term retention rather than immediate selling.

Despite this strength, Ethereum faces a historical hurdle. The asset has finished in the red during 7 of the last 11 Septembers. Traders should also keep an eye on Shiba Inu, which faces a challenging month ahead. With activity on the Shibarium network slowing down and a declining burn rate, the meme coin may struggle to repeat its positive performance from last month.