ethereum finished october 2026 with a 16.1% decline, its second-worst october performance since 2016.
the monthly returns heatmap from cryptorank shows the drop after three consecutive green months: +18.5% in july, +32.5% in august, and +8.84% in september. only october 2016, which closed near −16.7%, was weaker for the month.
the decline ended a short recovery streak and came during a period that also saw heavy ethereum etf outflows (reports put the monthly total near $1.3–1.6 billion) and the broader market pressure around the binance hack. ethereum closed the month near the $2,250 area after trading as high as the mid-$2,600s earlier in the month.
a single weak october does not rewrite the longer record. october has still finished green in a majority of years since 2016, though the last few have been mixed.
the next thing to watch is whether november continues the recent pattern of mixed results or if buyers return after the three-month run was interrupted.
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Macro Insights# $ETH $BTC
the monthly returns heatmap from cryptorank shows the drop after three consecutive green months: +18.5% in july, +32.5% in august, and +8.84% in september. only october 2016, which closed near −16.7%, was weaker for the month.
the decline ended a short recovery streak and came during a period that also saw heavy ethereum etf outflows (reports put the monthly total near $1.3–1.6 billion) and the broader market pressure around the binance hack. ethereum closed the month near the $2,250 area after trading as high as the mid-$2,600s earlier in the month.
a single weak october does not rewrite the longer record. october has still finished green in a majority of years since 2016, though the last few have been mixed.
the next thing to watch is whether november continues the recent pattern of mixed results or if buyers return after the three-month run was interrupted.
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Macro Insights# $ETH $BTC
