October didn’t live up to the “Uptober” expectations. The brutal market correction on Oct. 10 still weighs on sentiment. Investor pessimism has been fueled by U.S.–China tariff tensions, the Fed’s policy stance, and weak economic data. But can November change the tone and bring optimism back?
Throughout the month, the crypto community kept repeating “Uptober” and talking about an upcoming altseason. Yet Ethereum (ETH) underperformed, closing October without the expected breakout. Historically, however, Q4 has been a positive period for the asset. Despite the recent drawdown, November and December could still shift the picture.
Ethereum (ETH)
$3,829.33-3.19%
ETH has slipped below $4,000 and is now holding near $3,800. If the bearish scenario plays out, a deeper pullback toward $3,500 remains possible. This is a key psychological level that may determine the next market direction.
In 2024, Ethereum ended Q4 up 28.34%, and in 2023, 36.66%. Still past performance doesn’t guarantee future gains. The market cycle stage remains uncertain. Some analysts believe the altseason peaked this summer, while others expect another wave.$ETH
