The cryptocurrency market is displaying positive changes in Q3 2025. Ethereum (ETH) has taken the lead, while Avalanche (AVAX) draws traders' attention with its chart pattern.
Ethereum's Influence on the Market
The start of the third quarter is marked by the continuation of the bullish rally that began in Q2. Ethereum is trading around $2715, showing more than 7% gain this month. This growth creates a positive backdrop for other altcoins.
AVAX Chart Structure Analysis
The reason for optimism comes from Avalanche (AVAX)'s chart. It shows a pattern similar to that of Sei (SEI), which rose by 76% from its bottom. AVAX has also broken out from a falling wedge, indicating a possible bullish reversal. However, it is currently consolidating below the 50-day moving average resistance level at $19.83.
AVAX's Prospects for the Near Future
To validate the bullish setup, AVAX needs to close above the $19.83 level. A breakthrough of this level, especially with volume support, could open the way for a rally towards the 200-day moving average, located near $24.48, suggesting a potential 32% upside from current levels. However, traders should be patient, as there is a risk of longer consolidation.
Despite the current positive signals, traders must monitor AVAX's movements and consider the risks associated with possible short-term consolidation. History shows that such structures can lead to significant growth.
