$ETH is up +3.04% from the Oct 14 low at $2,317.00, now trading at $2,387.44 If you had longed it at the Oct 14 10:00 PM ET low with $100k at 10x, you'd be up +$30,401 right now Why it moved Treasury ETH is going to work. SharpLink said on Oct 19 it has deployed $400 million of ETH onchain, $200 million with Lido and $200 million with EtherFi, with Anchorage Digital as custodian, CoinGape reported. Traders lean the same way. Ether funding sat near 3.9% annualized, a bullish bias, CoinDesk noted at 6:22 AM ET Oct 20. The bigger thesis The dollars already live here. Ethereum held $143.759 billion of stablecoins late on Oct 19, about 47.69% of the $301.435 billion market, DefiLlama data cited by EconoTimes showed at 11:17 PM ET. Counted by issuance, $163.015 billion of stablecoins were minted on Ethereum, about 54.1% of the total. Big holders are staking ETH and the stablecoin base stays on the same chain. That is a demand floor, not a meme. What I'm watching next Above: $2,399.41, the 3:00 AM ET high, then $2,413.48 from 1:00 AM ET, then the 24h high at $2,429.36. Below: $2,377.18, the 5:00 AM ET low, then $2,372.87 from Monday night, then the Oct 14 base at $2,317.00. Productive ETH and parked dollars on one chain is a setup I do not ignore. I share my ETH levels in the Telegram as they form, so get in now, before the crowd does. Still watching from the sidelines? Every move in this post was there for anyone looking early. Stop reading recaps after the pump. Join before it's too late: t.me/+Z3NwL0DSnmk0ZjI0
