Ethereum set for third straight monthly loss in October
Upbeat online sentiment is running counter to money leaving Ethereum ETFs.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Ethereum has slid nearly 10% this month and is on track for a third straight monthly decline in October. Crypto analyst Michaël van de Poppe said on Sunday that the token has no clear direction. Meanwhile, 59% of ETH social media posts still lean positive even as money leaves Ethereum ETFs.
Why it matters
Upbeat online sentiment is running counter to money leaving Ethereum ETFs.
Timeline
- Oct 17, 6:30 AM ET: Ethereum had fallen 10% in October, yet 59% of ETH posts still leaned positive while ETF money left.
- Oct 18, 11:09 AM ET: Crypto analyst Michaël van de Poppe said on Sunday that Ethereum was in a directionless spot as it headed for its third straight red October.
Coverage
- ETH Sits 'In The Middle Of Nothing' Heading Into The Back Half Of A Red October (stocktwits.com)
- Ethereum Fell 10% in October, but Social Sentiment Is Still Positive. Is the Crowd Too Early? (247wallst.com)
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