Ethereum is currently showing a 46.62% profit in Q3, indicating strong momentum; however, the overbought RSI along with over 95% of the supply being profitable warns of a potential correction before conquering the $4,000 mark.
The relative strength index and the high profit supply situation indicate that Ethereum may face profit-taking pressure, resulting in a slight price drop before continuing the uptrend.
MAIN CONTENT
Ethereum achieved a 46.62% ROI in Q3, outperforming the previous two quarters.
Ethereum's RSI is so overbought that it warns of potential correction risks.
Over 95% of ETH supply is profitable, indicating the market may enter a distribution phase.
Ethereum is leading the market, but is the trend sustainable?
Ethereum has seen strong growth with a 46.62% ROI in Q3 2025, far exceeding Bitcoin's roughly 10% increase. The current price of ETH is at $3,640, close to the resistance around $3,700, showing impressive momentum but also carrying risks. "According to an analysis report from Coinglass, the RSI of ETH has reached the overbought level, which often signals that selling pressure may appear soon."
In fact, in November 2024, ETH also saw a similar increase of 47.21% and then corrected over 50% in the first quarter of 2025. This shows the lack of phase synchronization between ETH and Bitcoin, as BTC maintained a foundation with only a 10% decline. As of mid-2025, Bitcoin dominance has risen above 62% for the first time since 2021, demonstrating the trend of capital flow shifting between these two currencies.
"ETH shows breakout growth but has also reached the 'overbought' zone – a point where investors should prepare for a correction or accumulation."
Anna Smith, Market Strategy Director of TinTucBitcoin, 07/2025
Why is it a warning sign that over 95% of Ethereum supply is profitable?
Currently, over 95% of ETH supply is profitable, which is seen as an indicator that the market is in a distribution zone. According to Glassnode, periods when ETH reaches this ratio often come with increased profit-taking pressure, leading to significant price corrections. A typical example is the end of 2024 and the beginning of 2025 when ETH reached this zone and a clear reversal occurred.
To mitigate risks, Ethereum whales have taken the opportunity to accumulate a large amount of ETH at an average price of $3,680, equivalent to about $212 million, according to Lookonchain tracking data. However, this accumulation is not strong enough to ensure ETH won’t see a slight decline before rising back towards the $4,000 mark.
"The number of ETH accumulated by whales indicates a strong investor confidence in long-term potential, but it does not rule out the possibility that the market needs a correction to consolidate."
Michael Lee, Blockchain Financial Analyst, 07/2025
How does the change in Bitcoin dominance affect Ethereum?
Bitcoin dominance (BTC.D) is approaching a critical support zone of 60%, hence the likelihood of a capital rotation between BTC and ETH is quite high. When BTC.D rebounds, funds from Ethereum may shift back to Bitcoin, putting downward pressure on ETH’s price just as it happened in Q1 2025.
The RSI of BTC.D has fallen into the oversold zone, in contrast to ETH's overbought RSI, further affirming a potential downtrend about to occur in the ETH market in the short term to balance supply and demand forces.
Comparing price volatility and ROI of ETH and BTC in Q3 2025
Ethereum (ETH) Bitcoin (BTC) ROI Q3 46.62% 9.96% Current Price (USD) $3,640 $32,500 Overbought RSI Oversold Dominance 30.5% 62% Last Strong Increase November 2024 Mid 2025
Frequently Asked Questions
Is Ethereum sustainable with a 46.62% ROI in Q3?
Many signs such as overbought RSI and a high profit supply ratio indicate that Ethereum may face a correction at the current price level before continuing the uptrend.
How does Bitcoin dominance affect the price of Ethereum?
High BTC dominance often pulls capital back to Bitcoin, putting short-term downward pressure on Ethereum as seen in Q1 2025.
What are Ethereum whales doing when the market shows signs of being overheated?
Whales are actively accumulating ETH at an average price of about $3,680 to leverage long-term growth potential and minimize volatility risk.
What does the area where over 95% of ETH supply is profitable signify?
This area often marks a time when the market saturates profits, and investors typically begin to take profits leading to price corrections.
How long can ETH reach the $4,000 mark?
If it surpasses the current correction phase, ETH can fully approach and break the $4,000 peak in the last quarter of 2025.
Source: https://tintucbitcoin.com/ethereum-qua-mua-eth-sap-chinh/
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