#以太坊三季度涨70.9%
[👉 ETH这波，币安聊天室跟进](https://app.binance.com/uni-qr/TdcVf6Ho)
Ethereum rose 70.9% in the third quarter.
This number is rarely seen among mainstream assets.
The Q2 low has been fully recovered.
At the start of October, prices are still consolidating at elevated levels.
The gain ranks among the top in mainstream assets.
Citi has raised its target price for ETH.
From $2,240 to $3,028.
The rationale given in the report is related to funding.
The channel for spot ETF inflows is widening.
Institutional sentiment has shifted from cautious to positioning/allocation.
With such a big rise, the distribution of holdings is also changing.
The share held by long-term addresses is increasing.
There’s no obvious easing in the amount staked.
Exchange balances are still trending downward.
Leverage levels are milder than at the previous peak.
On-chain activity is warming up as well.
Layer-2 fees have come down.
App activity has been boosted.
Settlement demand is also picking up.
For crypto, this ETH rally has two legs: capital and structure.
You can’t go this far on narrative alone.
Do you think ETH will outperform BTC in Q4? Let’s discuss in the comments.
[👉 ETH这波，币安聊天室跟进](https://app.binance.com/uni-qr/TdcVf6Ho)
Ethereum rose 70.9% in the third quarter.
This number is rarely seen among mainstream assets.
The Q2 low has been fully recovered.
At the start of October, prices are still consolidating at elevated levels.
The gain ranks among the top in mainstream assets.
Citi has raised its target price for ETH.
From $2,240 to $3,028.
The rationale given in the report is related to funding.
The channel for spot ETF inflows is widening.
Institutional sentiment has shifted from cautious to positioning/allocation.
With such a big rise, the distribution of holdings is also changing.
The share held by long-term addresses is increasing.
There’s no obvious easing in the amount staked.
Exchange balances are still trending downward.
Leverage levels are milder than at the previous peak.
On-chain activity is warming up as well.
Layer-2 fees have come down.
App activity has been boosted.
Settlement demand is also picking up.
For crypto, this ETH rally has two legs: capital and structure.
You can’t go this far on narrative alone.
Do you think ETH will outperform BTC in Q4? Let’s discuss in the comments.
