Bitcoin/Ethereum: Key Support Levels Hold—Is the Next Leg Up Beginning?

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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.

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