Ethereum posted a Q3 gain of 83%, reaching $4,946, supported by a strong institutional influx and Layer-2 adoption.
Reddit and analyst weight: bullish year-end targets and potential September revisions. ETH development strengthens the long-term outlook.
Ethereum is entering September with a mix of excitement and attention. After recording its strongest third quarter since its launch in 2015, ETH recorded an 83% profit in the quarter, surpassing its historic median return by just 8.19%.
The token cooled to around $4,550 after briefly touching on the new all-time high at $4,946 on August 25th. Despite the pullback, the influx of the system remains strong, with US ETFs currently exceeding $23 billion.
Community debate on Reddit by user R/Ethrader shows optimism that Ethereum’s historic momentum can set the stage for an explosive Q4, but concerns remain about the short-term revision and the tricky reputation of the market in September. Meanwhile, optimism is high after Tom Lee declares that ETH is likely to bottom “within a few hours.” With the ETH price bouncing above $4,430, the call is right and I hope the worst could be behind.
Ethereum price forecast
Bull’s scenario
The Redditors highlighted several reasons to remain bullish. History shows that strong third performances often lead to parabolic Q4 runs, like in 2017 and 2021. Technical also supports this view, with resistance at $4,350 and resistance at nearly $5,000. Standard Chartered has raised its year-end ETH target from $4,000 to $7,500, giving it even more weight to bullish forecasts.
The on-chain foundations have also been improved. The Pectra upgrade in May reduced rollup costs, but Layer 2 TVL exceeded $44 billion, lowering voluntary gas fees and optimism. Supply side pressure appears to be strong as ETH (29% of supply) and Ethereum burn mechanism offset inflation.
- Read again:
- Tomley predicts that Ethereum prices could recover faster after a $200 million market wipeout
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Bear scenario
Still, not everyone in the community is convinced. Some noted that September was historically weak for Ethereum, and often brought revisions before the October rally. If ETH loses $4,350 in support, a deeper retracement could continue. Others joked about seeing their profits disappear after ETH was pulled back from $5k.
ETF flows are another risk. While institutional money is poured into it, a large outflow can quickly turn back momentum. Macroshocks were also cited as wildcards that could be heavily sought in the crypto market.
Wider community take
The debate wasn’t just about finance. Some users noted that Ethereum’s technological developments from Zkevms and Danksharding to SSV 2.0 continue to strengthen its long-term outlook. Others predict classic dips for September following the October surge and echo familiar seasonal patterns
