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Ethereum jumps nearly 70% in Q3 despite thinner order books compared to Bitcoin

Market News
05 Oct 2026
Crypto Briefing
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Bullish
Ethereum jumps nearly 70% in Q3 despite thinner order books compared to Bitcoin

Ethereum's native token surged nearly 70% in Q3 2026, outperforming Bitcoin's 42% gain. However, CoinGecko data reveals that Ethereum's market depth shrank to 35-45% of Bitcoin's level, indicating thinner liquidity beneath the rally. This unusual pattern suggests that large trades in Ethereum could cause more price volatility due to higher slippage. The rally was likely driven by $3.1 billion net inflows into US spot ETH ETFs, which boost prices without adding order book depth. Traders may need to adjust strategies to manage the impact of shallower liquidity on trade execution and price swings.

Following Ethereum's strong Q3 rally, on Pluang as of Oct 05, 2026 14:02 WIB, ETH trades at Rp48.813.234 with a 1-day gain of 1.45%, while BTC is priced at Rp1.545.396.349, up 1.67% in the same period. Ethereum's market cap stands at Rp5.938,52T compared to Bitcoin's Rp30.874,75T, with Pluang order activity showing 82% buy interest for ETH and 84% for BTC. Typical holding times are 107 days for ETH and 111 days for BTC, indicating steady investor engagement amid the ongoing market dynamics.

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