October 18th 2026, 3:09 PM
Ethereum Struggles to Find Direction Amid Red October
Key Summary
Ethereum (ETH) is down nearly 10% this month, heading for its third straight red October, with analysts Michaêl van de Poppe and Ted Pillows offering mixed views on the token's future. While van de Poppe sees potential for a bullish divergence, Pillows warns of a possible correction if ETH closes below $2,450.
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Precedent & Market Context
Ethereum's struggles to find direction come as the token is down nearly 10% this month, following a strong summer in which it gained 32.53% in August and 8.77% in September. The token is also falling behind Bitcoin, with the ETH/BTC pair sliding to near 0.0294 BTC.
Main Event
Crypto analyst Michaêl van de Poppe said on Sunday that Ethereum remains
#Ethereum#Crypto#RedOctober#BearishSentiment