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

Ethereum vs Bitcoin 1Y Performance | CryptoQuantBy 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

ETHBTC 1W Chart | MerlijnWhile 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.