Data: ETH fell 16.1% in October, the second-worst October pe
According to CryptoRank data, ETH fell 16.1% cumulatively in October 2026, the second-worst October since 2016, ending three consecutive months of gains. PANews and Odaily 星球日报 reported successively, with consistent core data; neither disclosed the reason for the decline or the specific year of the worse October.
Timeline
- [11-02 08:17] Data: ETH fell 16.1% in October, the second-worst October since 2016 (PANews)
- [11-02 08:27] ETH fell 16.1% in October, setting its second-worst performance record since 2016 (Odaily 星球日报)
Background and impact
On November 2, 2026, PANews (08:17) and Odaily 星球日报 (08:27) successively cited CryptoRank data to report that Ethereum fell 16.1% cumulatively in October 2026, its second-worst October since 2016. The core statements of the two sources are consistent: the decline was 16.1%, the statistical period was the entire month of October, and the historical ranking was the second-worst since 2016; at the same time, this decline ended ETH's previous three consecutive months of gains.
From the timeline perspective, this is a retrospective statistic on the October market that has just ended. The two messages were published about 10 minutes apart, and neither excerpt disclosed further details, such as which year the worse October occurred and what the decline was that month, nor did they give attribution for this decline. Therefore, what can currently be confirmed is only the price result, the historical ranking comparison, and the trend change that the three consecutive months of gains were interrupted.
For investors tracking market moves, ETH's monthly gains and losses can usually be viewed on the market pages of platforms such as Huobi HTX app registration/download, Sesame Gate.io app registration/download, Bitget app registration/download, Binance app registration/download, and OKX app registration/download, but the data standard for this report is based on CryptoRank. In terms of impact, "second-worst October since 2016" is more a qualitative description under a historical comparison framework, not a judgment on the outlook. A double-digit monthly drawdown after three consecutive months of gains means that part of the previously accumulated gains was given back; however, the material does not provide specific price ranges, trading volume, or capital flow data, so it is impossible to assess the concentrated period of the decline and changes in market structure based on this.
It should be noted that the two sources for this event are highly overlapping in content and very likely originate from the same CryptoRank statistic, so they do not constitute mutually independent cross-verification. There are also no conflicting statements in the material: the two media outlets' statements on the decline, historical ranking, and interruption of the gain streak are completely consistent. The follow-up points to watch are whether November's monthly performance can change this trend, and whether other data institutions publish results with different statistical calibers.
FAQ
### What does a 16.1% monthly decline mean?
According to CryptoRank data, this is ETH's second-worst October since 2016 and also ends the previous three consecutive months of gains. The material did not disclose which year the worse October occurred or how large the decline was.
### What aspects will this decline affect?
The material only provides facts about monthly price performance and the interruption of the gain streak, does not cover information such as ETFs, on-chain data, or institutional holdings, and does not explain the reason for the decline; therefore, the scope of impact cannot currently be determined from the material.
### What points need attention going forward?
Watch whether ETH's monthly gain or loss in November can reverse October's drawdown, and whether other data institutions publish results with different statistical calibers. Both sources cite CryptoRank and belong to the same data source.