Bitcoin/Ethereum: Key Support Levels Hold—Is the Next Leg Up Beginning?
Actionable Market Insights
10x Research was delighted to host a subscriber-side event once again during Token2049 in Singapore. These gatherings provide a valuable opportunity to put faces to names, as our traders and investors, who typically exchange views in our premium Telegram groups, come together in person—a big thank you to everyone who joined us.
Bitcoin/Ethereum: Key Support Levels Hold—Is the Next Leg Up Beginning?
Why this report matters
October has arrived with crypto sentiment shifting quickly. Options data, dominance trends, and technical supports all point to a market setup that could surprise those positioned too cautiously. The question now is whether liquidity will follow—and if this October will once again live up to its historic reputation as Bitcoin’s strongest month.
Ethereum false break? Support successfully tested?
Main argument
In our September 25 report, we highlighted the downside potential for Ethereum, with the actual low reaching $3,815, toward $3,800. On the same day, we introduced an Ethereum options strategy aimed at positioning for longer-term upside. The short put expired worthless, allowing traders to retain the premium, while the $4,500/$5,500 call spread has since appreciated from $260 to $319 as sentiment gradually turns more bullish.