ETH is struggling to find bullish momentum, only up 1% in October compared to BTC's 14% increase. 📉
- ETH ETF has only attracted $4.4 million, compared to BTC ETF's $893 million.
- However, the discount days for ETH may soon be over. Analyst Poseidon believes that ETH has experienced its "final drop" and brighter days are ahead.
- ETH has recovered above $2,500 and if it holds above $2,600, Poseidon will add a long position.
- ETH/BTC is at a crucial support level and could reverse strongly.
ETH is forming a bullish triangle pattern, with the nearest target being to surpass $2,800. RSI is above 50 but below 70, indicating buyer dominance without being overbought.
What do you think about the future of ETH? Comment below! 🚀