Ether (ETH) experienced a notable 24-hour price increase of 6.09%, trading at $3,854. This rally has prompted speculation about a potential large-scale altcoin resurgence in the coming months, with industry analyst Michaël van de Poppe suggesting altcoins could deliver returns ranging from 200% to 500% over the next 2-4 months amid a shift in market sentiment towards higher-risk assets.
However, historical performance data introduces a significant note of caution for traders. Analysis reveals that the third quarter has consistently been Ether’s weakest period since its inception in 2016, yielding an average return of just 6.48%.
This historical underperformance during Q3 tempers the optimistic outlook fueled by the recent price surge. Market participants are advised against excessive confidence due to Ethereum’s established pattern of sluggishness during this specific period, despite the current bullish signs.