Ethereum Buys Surge in Q3: Is It the Start of a Supercycle?

Public companies significantly increased their Ethereum holdings during the third quarter of 2023, according to recent data from Bitwise Invest. This surge accounted for nearly all of the cryptocurrency’s accumulation by public firms so far. Experts anticipate this trend may continue into Q4 and possibly propel Ether prices even higher. Will the fourth quarter be as strong as the previous? Some experts predict a potential rise in Ether price, with many citing factors like DeFi growth, institutional interest, and the increasing concentration of Ethereum in company treasuries. The concentration of ETH buying activity in Q3 raises questions about what lies ahead for Ether during the fourth quarter of 2025, which historically has been a tough period for the crypto asset on average. While recent events have triggered price corrections, analysts remain optimistic, citing the possibility of an Ethereum supercycle. Some key players are seeing significant bullish potential, including BitMine Immersion Technologies and Sharplink Gaming, both actively accumulating ETH and predicting a possible rise to $10,000 by year-end. This comes as Ether’s price has been fluctuating in recent days, experiencing a dip below $4,000 after Friday’s marketwide sell-off. Despite the price fluctuations, analysts like Merlijn The Trader remain confident, highlighting the potential for an Ethereum supercycle with 40% of total supply currently locked in staking contracts and steady inflows into US spot Ether ETFs as catalysts. Meanwhile, other prominent crypto figures are also weighing in, echoing similar bullish predictions. Michael van de Poppe, founder of MN Trading Capital, sees a parallel with the 2019 surge, stating the current “$ETH vs. $BTC has barely started” and predicting considerable upside potential for Ethereum.