$ETH is up +5.50% from the Oct 14 low at $2,317.00, now trading at $2,444.55 If you had longed it at the Oct 14 10:00 PM ET low with $100k at 10x, you'd be up +$55,050 right now Why it moved Options traders leaned bullish before spot moved. Calls made up 63.06% of the $5.93 billion in ether options open interest and 67.23% of daily volume, TokenPost reported at 8:05 AM ET on Oct 20. Two hours later ETH ran from $2,384.16 to $2,477.89 on KuCoin, then held above $2,425 all afternoon. One of the biggest open positions is a $2,600 call expiring Oct 30, so that strike is in play. The bigger thesis The next scaling test has a date. The Ethereum Foundation confirmed Glamsterdam goes live on the Hoodi testnet on Oct 26 at 1:42 PM ET, with the gas limit lifted to 200 million, ETHNews reported on Oct 20. The changes aim at roughly three times more base-layer throughput. No mainnet date yet, but a clean Hoodi run helps. What I'm watching next Above: $2,456.37, the noon ET high, then $2,477.89, the 10:00 AM ET high, then about $2,505, the 20-day EMA, then $2,529.84, the Oct 14 top. Below: $2,425.73, the 3:00 PM ET low, then $2,384.16, the 9:00 AM ET low, then the Oct 14 base at $2,317.00. Calls are stacked and an upgrade date is set. I share my ETH levels in the Telegram before the crowd notices, so join now and be early. 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