• Ethereum is down almost 10% so far this month, on course for a third straight red October.

• Crypto analyst Michaël van de Poppe said ETH remains directionless in the near term but could turn bullish if it breaks key resistance levels.

• Analyst Ted Pillows warned that a weekly close below $2,450 could trigger another correction.

As Ethereum (ETH) slid nearly 10% this month and headed for its third straight red October, crypto analyst Michaël van de Poppe said on Sunday the token was “in the middle of nothing.”

The MNFund founder said that Ethereum still showed “a potential bullish divergence,” but added that it “needs to break resistances in order to be actually approved.” Until then, he…