In Q3 2025, Ethereum showed significant growth, raising expectations of a potential altseason. Analysts note market structure improvements and high trading volumes.
Ethereum Strength Renews Optimism for Altcoin Rally
In Q3, Ethereum rose over 26%, while Bitcoin showed a 9.95% gain. This performance gap raises optimism and hopes for a green altcoin market. Analyst Carl Moon noted that historically such Ethereum growth has led to broad altcoin rallies. He also referenced a 'cup and handle' pattern on the Ethereum chart, which could signal future growth to $3,800–$4,000.
ETH Whale Moves Reflect Caution
Recent actions by major investors indicate potential profit-taking. Lookonchain data reveals that whale Trend Research sold 48,946 ETH worth $151 million to repay a loan. They still hold 136,182 ETH worth over $430 million. At the same time, another whale took a short position on Ethereum using 18x leverage and currently faces a $3.5 million unrealized loss.
Record Market Volume Points to Start of Altseason
Increased trading volumes add to the optimism. Market volume reached $119.91 billion, the highest level in over three years. This could signal the beginning of altseason, as historically high volumes precede significant price movements. SharpLink Gaming also purchased 5,188 ETH for $15.76 million, confirming continued high investment activity.
The observed events in the Ethereum and altcoin markets raise hopes for the presence of an altseason. If current trends and trading volumes are maintained, further growth is justifiable.
