Ethereum Closes in on Bitcoin Annual Performance Following Strong Q3

Market data shows that Ethereum, the king altcoin, has dramatically closed in on Bitcoin’s annual performance following Q3 gains.

Ethereum has nearly matched Bitcoin’s annual performance over the last quarter, according to a chart shared by CryptoQuant analyst Axel Adler Jr. This comes as both assets hit all-time highs this year.

Ethereum Price Performance Matching Bitcoin Over the Past Year

The data shows Ethereum’s price growth aligning closely with Bitcoin, pushing their correlation up as of early October 2025. This marks one of the strongest synchronized movements between the two largest cryptocurrencies in recent months.

By May 2025, Bitcoin’s upward run resumed, hovering consistently above 50% performance gains. Ethereum, though still lagging during the mid-year period, began a rapid recovery from July, lifting its yearly performance back into positive territory.

By September, the gap between the two had nearly closed, showing synchronized rallies that drove the correlation to near-perfect levels.

Ethereum Could Be Bitcoin’s Replacement

Analyst Merljin also backs up the analysis, emphasizing Ethereum’s current bullish push. According to the market watcher, the ETH/BTC ratio has broken above a long downtrend, potentially positioning Ethereum for its strongest relative rotation against Bitcoin since 2017.

While the prior cycle ended with ETH hitting record dominance levels, the new breakout suggests that Ethereum is again reasserting strength in the pair.

Market snapshots confirm the trend. As of press time, Bitcoin trades near $119,992 with a 9.4% gain over the past week. Ethereum trades at $4,461, advancing 13.2% across the same period. Bitcoin’s market capitalization stands at $2.39 trillion, while Ethereum holds $538 billion.