Ethereum Rally Cools, $5K Year-End Goal Stays

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Institutional demand for Ethereum contrasts with weak retail flows, while ETH must reclaim $4,580 to trigger a breakout, according to an analyst.

Ether gained 75% versus Bitcoin in Q3, but has underperformed slightly in September.

Retail investor participation remained weak, creating a divergence with institutional flows.

Ether rallied 75% relative to Bitcoin in Q3, and despite the recent slowdown in price action, traders still believe the altcoin can hit $5,000 in 2025.

Glassnode data indicated that futures traders’ interest has remained focused on Ether. Its open interest dominance currently stands at 43.3%, the fourth-highest on record, while Bitcoin holds 56.7%. Meanwhile, Ethereum’s perpetual futures volume dominance hit a new all-time high of 67%, highlighting the largest rotation of trading activity toward Ether in history. 


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