Despite the bear market, Ethereum, the second largest cryptocurrency by market capitalization, saw a price surge by 18.4% following several positive developments. As per CryptoCompare’s latest Asset Report, in October, Ethereum rose 18.4% while the flagship cryptocurrency Bitcoin ($BTC) rose 5.49. Meanwhile, the S&P 500 index, meanwhile, rose just by 5.26%, while the NASDAQ increased by 1.56%.