Ethereum concluded October trading close to $3,800, but analysts caution that a sustained decline below this threshold could see prices fall to $3,500. The market remains wary due to ongoing macroeconomic uncertainties and recent volatility. While privacy coins such as Zcash led gains in October, Ethereum's future trajectory is likely to be influenced by Federal Reserve policies and overall market conditions. Experts suggest that altcoin investments will continue to be selective, driven by compelling narratives and liquidity rather than widespread retail participation.