Ethereum (ETH) Suffers Worst October in 8 Years: Is More Pain Ahead? Ethereum rallied nearly 9% in September, but plunged about 13% in October, with analysts predicting further declines due to the decline in institutional interest rates. The cryptocurrency is currently trading around $2,330, with fears of a drop below the psychological level of $2,000, which could lead to a significant support zone between $1,850-1,920. A decline in institutional demand is evident, with $220 million recently leaving ETH spot ETFs, and prominent figures such as Arthur Hayes selling significant amounts of ETH, raising concerns about the potential for asset recovery.

Ethereum (ETH) Suffers Worst October in 8 Years: Is More Pain Ahead? Ethereum rallied nearly 9% in September, but plunged about 13% in October, with analysts predicting further declines due to the decline in institutional interest rates. The cryptocurrency is currently trading around $2,330, with fears of a drop below the psychological level of $2,000, which could lead to a significant support zone between $1,850-1,920. A decline in institutional demand is evident, with $220 million recently leaving ETH spot ETFs, and prominent figures such as Arthur Hayes selling significant amounts of ETH, raising concerns about the potential for asset recovery.