#以太坊9月涨幅创2016年来第二高
[👉 以太坊这波节奏,币安聊天室跟进](https://app.binance.com/uni-qr/TdcVf6Ho)

Ethereum closes September up 8.77%.
This is the second-best September since 2016.
Bitcoin rose even faster over the same period.
Their trajectories have diverged.

The price has been grinding in a range for a long time.
September finally gave it an upside breakout.
By the end of the month, it slid back toward the middle of the range.
Some of the gains were left behind.

The historical data for October is there for everyone to see.
Since 2016, October has seen six up and four down.
The win rate isn’t high, and volatility isn’t small.

Ethereum’s funding conditions are changing.
Staking and Layer 2 lock up part of the supply.
The remaining supply is more easily driven by sentiment.
October’s volatility comes from the macro backdrop.
Employment and inflation data are on the way.
The pricing of risk assets will be recalibrated.
Ethereum’s performance will still depend on Bitcoin.
Capital in both directions comes from the same pool.

For crypto, monthly returns can only tell you what happened in the past.
October’s opening will shape the narrative for Q4.

Do you think Ethereum can continue catching up and gaining in October? Let’s chat in the comments.