In this video: Bitcoin is down about 4% over the last 30 days, and of the 48 biggest coins we track, only seven did better. So when will altcoins finally rally? With data from the MCO Terminal we look at the last big altcoin rally, this summer and October, and then at my Ethereum and ETH/BTC charts with Elliott Wave (25 October 2026). Video by More Crypto Online.
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On October 25, 2026, Ethereum (ETH) is trading at approximately $2,347.26 USD (equivalent to €2,072.15 EUR), marking a mild intra-day decline of roughly 0.86%. This follows a broader downward trend over the past week where ETH prices retraced from the $2,470 level. The daily trading volume sits at a robust $8.79 billion USD.
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Insights Today
• Upgrade Postponement: The primary bearish driver this weekend is the unexpected delay of a highly anticipated Ethereum network upgrade. Following an EIP-8037 review on October 24, the "Hoodi" upgrade has been pushed back beyond its original October 26 target, shaking short-term investor confidence.
• Massive ETF Outflows: Institutional momentum has severely cooled. U.S. spot Ethereum ETFs have hemorrhaged roughly $1.1 billion USD in net outflows over the last three weeks. These structural outflows are largely attributed to the upgrade delays and stiff competition from staking alternatives, which has also dragged down major crypto-native companies like Coinbase.
• Macro Headwinds: Crypto markets are grappling with broader macroeconomic uncertainty and weaker overall institutional inflows, keeping ETH contained within tight ranges.
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