Ethereum posted a 70.8% gain in Q3, its strongest quarterly increase since the start of the year, significantly outperforming the historical average return of 13.20% according to CoinGlass data. This performance allowed ETH to beat Bitcoin by 42.71% over the quarter, following two difficult quarters that saw declines of 29.26% in Q1 and 25.28% in Q2. Whales are showing increased interest in ETH: a wallet associated with co-founder Joseph Lubin transferred 133,298 ETH worth $356.2 million to a new wallet, while another whale opened a $40.6 million long position on ETH alongside a $33.62 million short on Bitcoin. The ETH to BTC ratio climbed from 0.0316 to a high of 0.0325, though Q4 presents less favorable prospects with a median historical return of just 0.36% compared to a 16.97% average.
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