In Yoel 3, the continuation of the famous pasuk we cite in the Hagaddah:

a "blood moon" would be a lunar eclipse, when the moon is shadowed by the earth and is lit only by light refracted through the earth's atmosphere. It really does look copper-red.and also that
Solar and lunar eclipses are linked - if the conditions are right for a solar eclipse, there is a good chance that they will be right for a lunar eclipse exactly half a month later. I haven't looked at Yoel 3 inside but a naive reading is certainly consistent with solar and lunar eclipses.That solar and lunar eclipses are linked is useful considering the linkage in the pasuk,
Here is a good explanation of why eclipses happen at particular times. If there is a solar (lunar) eclipse while the moon is traveling towards a node, then the moon will be near the opposite node half a month later and there will be a subsequent lunar (solar) eclipse at that time.
On this pasuk, Rashi is not so helpful. He merely comments about the sun:
shall turn to darkness: to embarrass those who prostrate themselves to the sun.But we have Ibn Ezra, who writes:
ג, ד]
השמש -
יספר קדרות שיהיה לשמש בהתחברה עם הירח והירח יקדר ויהיה אדום, זה יהיה בהיותו רחוק מראש התלי וזנבו קרוב משש מעלות, ולעולם הם אותות על מלחמות, והיה לאות כי ימותו עמים רבים.
Thus, it is discussing the darkening of the sun, as it joins {?} with the moon, and the moon darkens and becomes red. This is when it is less than six degrees distant from the head of the dragon or its tail {thanks to Joe in Australia, and Milhouse, in the comment section; see there}. And they are always signs about wars, and it is a sign that many nations will perish.
