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- Crypto traders believe altcoins could rally between 200 and 400% this year, citing Ethereum as a key catalyst.
- Market participants showed mixed sentiments about ETH following its Q3 bearish trend this year.
Ethereum (ETH) has continued to show strength on the price chart, raising expectations about a potential altcoin rally. Crypto analyst Michael van de Poppe believes the current Ethereum momentum will propel the biggest altcoin rally seen in years.
Is a 200% to 400% Altcoin Rally Possible?
In an X post, Van de Poppe claims a 200% to 400% rally is in view for altcoins between the next 2 to 4 months. The analyst cited Ethereum’s recent move as a key factor to fuel the potential altcoin rally.
Indeed, ETH has demonstrated a bold price performance over the past few days. According to data from MarketCap, ETH is currently trading at $3,900. The leading altcoin rallied more than 4.6% and 7.5% over the past 24 hours and week, respectively.
Ethereum market activity has also increased, as seen by the rising trading volume. Within the previous day, trading volume increased by 71% to $45.4 billion.
Additionally, data from TradingView revealed a significant spike in the ETH/BTC ratio, which measures Ether’s relative strength against Bitcoin. Notably, the ETH/BTC ratio is up 39.23% over the past 30 days.
Furthermore, Coinglass data showed an 8.23% spike in ETH futures open interest, hinting at strong bullish sentiment among traders.
Many market participants perceive the rising ETH price as a key indicator for upcoming altcoin rallies. They believe it signals a shift in investor appetite toward higher-risk assets beyond Bitcoin (BTC).
Still, other market players have expressed skepticism about the continuation of the ETH rally. Crypto trader Muneeb shared his opinion in an X post, expressing confidence in current ETH price outlook.
Can Ethereum Overcome Weak Q3 Trend in 2025?
Another market analyst, Ash Crypto, warned about Ethereum’s historical weak trend in August and September. According to CoinGlass, Ethereum has shown the weakest performance in Q3 every year since 2016, delivering an average return of just 6.48%.
Nevertheless, some market participants have suggested ETH will not repeat the bearish Q3 trend this year. Crypto trader Cas Abbe on X noted that ETH has formed a bullish flag pattern.
According to the trader, ETH could hit a new all-time high if it successfully breaks above $3,800. He cited factors like the shrinking ETH supply on exchanges and rising institutional accumulation.
As indicated in our earlier discussion, ETH price appears not to be slowing down soon. ETH has flipped several key resistance levels into support, breaking past $3,200. Market analysts and whales have even set short-term targets at $5,500.
Moreover, Ethereum transaction levels have jumped to their highest point in a year. In a recent update, we covered that Ethereum staking surged with over 36 million ETH locked.
