Ethereum outpaces Bitcoin in Q3 with 5x returns – Will ETH’s rally hold?

Key Points

1. Ethereum's returns in Q3 are nearly 5x those of Bitcoin, highlighting its strong performance.

2. Ethereum spot ETFs saw $10.53 billion in inflows, surpassing Bitcoin's $6.74 billion, indicating institutional preference for ETH.

3. Ethereum's 7-day EMA of Perpetual Volume Dominance has risen above 60.4%, while Bitcoin's dropped below 36%, the widest gap in over three years.

4. ETH perpetual Open Interest increased by 600,000 ETH, compared to BTC's 50,000 BTC, showing a 12x difference in trading activity.

5. The ETH/BTC trading pair rose from 0.02 to 0.03, marking a 50% gain for Ethereum against Bitcoin in Q3.