- ETH is up over 80% this Q3, marking its best one yet.
- Analysts come together to debate what’s next for the price of ETH.
- ETH must break past $4,500 to flip to bullish action again.
The pioneer altcoin asset Ethereum (ETH) celebrates its strongest Q3 performance yet. In detail, the price of ETH is up over 80% this Q3, marking its best Q3 performance so far. Presently, the price of ETH is trading in the $4,400 price range, just a few days after setting a new TAH in the $4,900 price range. Analysts come together to debate what to expect next for the price of ETH for the rest of Q3.
ETH Is Up Over 80% This Q3
The price of Ethereum (ETH) set a new ATH at $4,900, 8 days ago, just higher than its previous ATH price target at the $4,800 price range, set 4 years ago in the last bull cycle. Since then, the price of ETH has retraced a short way and has been trading in the $4,400 price range, showing that it is in a much stronger state than Bitcoin (BTC). This resilience has allowed ETH to outperform BTC steadily over the last few weeks.
The fact that ETH is outperforming BTC steadily is a sure-fire sign that altseason and its peak phase are not too far away. Often, it is Ethereum’s excellent price action that triggers the price of altcoins to pump expeditiously. As we can see from the post below, ETH is celebrating over a 80% pump this Q3, showing incredibly swift growth in price over a very short time.
As we can see from the post above, Q3 is still ongoing and already ETH has seen a pump of over 80%, marking its greatest Q3 performance in history. The post above shows that the last best ETH Q3 performance was in 2020 when ETH saw a price pump of almost 60%, this was during a peak bull cycle phase year. Now, analyst expects an even greater pump in Q4 for ETH, as Q3 has already set a bullish stage for a greater ETH price pump this bull cycle.
ETH Experiences Best Q3 Performance Yet
Analysts take a closer look at the ETH price charts and other related price indicators to determine what is next for the price of Ethereum . Like BTC, ETH price expectations are similar, wherein a small dump may arrive first before a major price pump. As we can see from the post above, this analyst remarks that ETH has been holding up really well compared to BTC, but still shows signs of a possible $4,000 retest. He also talks about huge liquidity clusters that need to be wiped out.
Overall, analysts are only short-term bearish and expect significant price pumps for crypto prices soon. In particular, one analyst says that Ethereum (ETH) must first clear the $4,500 price area to flip the trend to bullish again. With ETH now at $4,400, this flip may not seem like much anticipation is needed. With price targets of $15,000 by the end of the year for ETH, the asset will eventually go mega bullish soon.
