Ether’s October Close Could Extend or End Its Monthly Gain Streak

Ether (ETH) could extend its monthly winning streak to four months or end the run at October’s close, after posting an 8.77% gain in September.

The asset closed higher in six of its 10 October periods since 2016.

Alaoui Capital said a break below $2,000 could bring Ether to a potential support range of $1,850 to $1,920, which it called a “make-or-break zone.” The analyst added that a sharp rejection from that range could prompt a relief rebound.

Ted said Ether finished a weekly candle below $2,400. He said failure to reclaim $2,350 soon could put $2,200 in view.