Ethereum Outperforms Bitcoin in Q3, But Can It Repeat the Trick in Q4?
Ethereum outperformed Bitcoin in Q3, but its chances of doing so again in Q4 are uncertain. The Ethereum price ratio against Bitcoin rose by over 19% in Q3, marking its first significant outperformance since 2025.
However, history suggests that Bitcoin historically dominates Q4 with average gains above 77%, while Ethereum averages only 18%. This disparity may give Bitcoin an edge in the coming quarter, especially amid expected volatility.
On the other hand, Ethereum's supply dynamics are tightening. Fewer ETH are on exchanges and record staking levels are being set, which could reduce sell pressure. If demand picks up, this supply squeeze might help Ethereum challenge its usual Q4 weakness and potentially outperform Bitcoin in the coming quarter.