Ethereum [$ETH] is expected to post a 70% return for Q3 2026, its strongest-ever quarterly performance. The $ETH Open Interest reached $30 billion, and the average Long/Short ratio was 1.54 across popular exchanges, signaling a clear dominance in long positions.
Institutional buying and whale accumulation added to the list of bullish signals for the leading altcoin. The $ETH/$BTC was knocking on a key resistance level at 0.033.
AMBCrypto reported that a breakout past this level would add to the convincing bullish signals Ethereum exhibited. Cascading leveraged positions drove a swift rally higher, and Bitcoin [$BTC] faced a correction within this rally at the time of writing.
Bitcoin was down 4.45% from the $87,395 local high it made on Monday, the 21st of September. Ethereum was down by 5.31% in under three days, too.
Rising volatility signals Ethereum trader opportunity
Recently, the Ethereum 30-day realized volatility rose to 0.73, the highest it had been since March. Since then, the realized volatility has dipped by 38% to 0.45, wrote crypto analyst Arab Chain.
This increased volatility followed the Ethereum range breakout in recent days. The decline in volatility signaled a momentary lull in price action, but it is not a signal that the uptrend has lost strength.
Rather, a six-month high in volatility only signaled the validity of the breakout past the $2,500 supply zone. Swing traders and investors have reason to maintain a bullish bias.
Long-term holders hold their $ETH tightly
The MVRV ratio is used to assess if an asset is overvalued or undervalued. On the Santiment chart above, negative scores show whether $ETH of a certain age is being held at a profit or loss, on average.
Like July 2025, the 365-day MVRV moved back into positive territory. Meanwhile, the 3-month MVRV ratio was already strongly profitable, once again like the July 2025 conditions.
Back then, strong ETF inflows and heavy demand for $ETH from institutions drove a swift rally.
The dormant circulation had seen sizeable spikes in July 2025 to show distribution trends during the price uptrend. Yet, by comparison, though profit-taking inclination should be similar (based on MVRV), the dormant circulation was far quieter.
It suggested that compared to a year ago, 1-year+ Ethereum holders were far more comfortable holding the altcoin, showing firm bullish conviction and another sign of a bull run.
Final Summary
- The Ethereum 30-day realized volatility reached a six-month high when the altcoin broke out past the $2.5k resistance zone.
- The Ethereum long-term holder distribution trends, or lack thereof, were an interesting sign of bullish conviction.
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