Ethereum Records Strongest Third Quarter Since 2016
Ethereum has broken through a long-standing resistance level at $2500, trading higher following a recent price hike, according to market data highlighted by ambcrypto.com. Market data shows ETH marked a strong third-quarter performance, up significantly with days remaining in September, positioning the asset for what analysts are monitoring closely as a potential shift in market momentum.
Data cited by ambcrypto.com indicates that Ethereum exchange reserves are currently declining compared to Bitcoin exchange reserves, which have been on the rise. This divergence in exchange balances points to shifting holder behavior across major crypto assets. With prices moving past levels last seen earlier in the year, market participants are evaluating whether sustained accumulation will support further upward movement for the leading altcoin.
Based on reporting by ambcrypto.com.
