Ethereum experienced a dramatic rollercoaster ride in 2025, shedding over 45% in the first quarter before rebounding with a staggering 91% surge in Q3. This powerful performance highlights Ethereum’s characteristic volatility and offers valuable insights into its future trajectory. While Q1 marked a painful capitulation phase, history suggests this significant drop often sets the stage for dramatic rebounds. After a 36% recovery in Q2 2025, confidence returned, leading to an explosive 91% rally in Q3 2025. Ethereum’s price behavior follows a predictable cycle: Capitulation followed by Positioning, and then Eruption. Analysts suggest this volatile pattern is likely to continue as the next significant move after such impressive gains may be anything from a continuation or a correction. While investors need to stay vigilant about on-chain activity, macro factors, and Ethereum’s dominance metrics, one thing is clear: Ethereum is not in a stagnant phase; it’s in motion. 2025 provides an exceptional example of the powerful cycle that defines Ethereum’s price action