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.
BlackRock Moves Toward a Staked ETH ETF The Race Begins 🔍
BlackRock has registered the iShares Staked Ethereum Trust in Delaware (Nov. 19). While not yet a formal Securities Act filing, it clearly shows the world’s largest asset manager preparing for a yield-bearing ETH ETF.
Key Points
Registration = early signal, not a final ETF application.
BlackRock joins VanEck, which recently registered a similar trust tied to Lido’s staked ETH.
Issuers are positioning ahead of long-awaited SEC guidance on staking in ETFs.
Spot ETH ETFs launched in 2024 without staking after the SEC required issuers to remove yield features.
If regulators approve staking, the next wave of ETH ETFs could become high-yield, institutional-grade products.
Are we nearing the era of Staked ETH ETFs in the U.S.?
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?