Massive Bullish Bets on ETH Despite Market Pullback
Deribit data shows the $6,500 ETH call is now the top option by open interest, exceeding $383M in notional. Other heavily traded calls include $4K, $5.5K, and $6K strikes.
This surge in bullish positioning comes while Ether has dropped 26% this quarter, currently around $3,060, after hitting lows below $2,650 last month.
Dogecoin slid 5.5% to $0.1730, breaking below the crucial $0.1720 level as heavy selling dominated U.S. hours. Price action now shows a clear lower-high + lower-low formation, signaling sustained bearish momentum.
🐶 DOGE Approaches Make-or-Break Zone as Bitcoin Weakness Pressures Majors
Dogecoin dropped 5.5% to $0.1730, breaking below key support after heavy sell volume. The move confirms a short-term lower-high, lower-low structure as sellers dominated during the U.S. session.
XRP just printed its strongest breakout in weeks. Here’s what’s driving it 👇
Two new XRP-linked ETFs — Franklin Templeton’s XRPZ and Grayscale’s GXRP — launched on NYSE Arca, triggering nearly $180M in institutional inflows while the broader crypto market saw heavy outflows.
🔍 Technical Breakdown
• Breakout above $2.12 confirmed with 227.5M volume (+162% vs avg)
• Higher lows at $2.02 / $2.04 confirm trend strength
• XRP now testing the macro descending channel from July
• Volume profile shows new value zone at $2.21–$2.25
📈 What traders are watching
• Close > $2.30 opens path toward $2.57–$2.80
• Hold > $2.23 = bullish continuation
• ETF flows now the main volatility catalyst
• Breakout of the July downtrend = potential full trend reversal
XRP’s price action remains tightly accumulated around $2.25–$2.27, suggesting another impulse could be forming.
XRP Price Drops 7.3% as First U.S. XRP Spot ETF (XRPC) Launches on Nasdaq
$XRP experienced elevated volatility over the past 24 hours, falling from $2.48 to $2.30 amid a wider market selloff. The move occurred alongside the launch of Canary Capital’s XRPC ETF, expanding institutional access to XRP.
Market Highlights
7.3% intraday decline
157.9M XRP traded (+46% vs average)
Rapid liquidation event from 04:32–04:35 UTC triggered breakdown
110.5M XRP moved between large wallets during peak volatility
Technical Levels
Support: $2.29–$2.30
Resistance: $2.36 / $2.40 / $2.47
Trend remains aligned with broader market downtrend
Momentum indicators show weakness despite oversold prints
📉 Ether Slides Below $3,400, But Whales Scoop Up $1.37B in ETH
Ethereum (ETH) dropped 3.3% to $3,331, breaking below key $3,400 support as volume surged 145% above average.
Despite the breakdown, on-chain data shows institutional whales bought 394,682 ETH (~$1.37B) between $3,247 and $3,515 a strong sign of long-term confidence.
🔍 Traders now watch:
Support at $3,247
Resistance near $3,480
A sustained break above could signal recovery momentum.
📉 $DOGE Faces Resistance at $0.20 – Is a Breakdown or Bounce Next?
Dogecoin continues to struggle under the $0.20 resistance after multiple failed breakout attempts. Institutional selling pressure, macro headwinds, and regulatory uncertainty have led to a 3% decline over the weekend. 📉
Key levels to watch:
🔹 Resistance: $0.20
🔹 Support: $0.194–$0.195
🔹 Reclaiming $0.201 could trigger a short squeeze into $0.208+
With RSI nearing oversold and programmatic selling easing, are we setting up for a bounce or a deeper dip to $0.187?
In this breakdown, I explored XRP’s recent price rejection at the $2.93 mark using custom technical analysis charts and macro overlays. The price action on Oct 8, 2025, offered a compelling case study on the interplay between volume spikes, resistance zones, and profit-taking patterns.
✅ Key insights visualized:
Supply zone formation at $2.92–$2.93
Breakdown of $2.86 support turning into resistance
Volume analysis confirming the reversal
📉 I also overlaid macroeconomic sentiment indicators (Fed policy shifts, geopolitical tensions) to align price action with risk-on/off flows.
Tools used: TradingView, Figma, Adobe Illustrator
This project is a part of my ongoing series on live crypto market diagnostics.
➡️ Let me know what you think or if you want to collaborate on future breakdowns. #xrp #BinanceCommunity