Asia Colour
By:Elisha
- Japanese stock prices surged today back to pre-crash levels.
- However, investors remain cautious ahead of US CPI this week. They will closely watch inflation numbers for guidance on whether the Fed will cut rates by 50 or 25 bps in September. The odds are now evenly split.
- ETH spot ETFs saw cumulative inflows surpass $901 million after yesterday’s net inflow. Notably, Grayscale reported zero outflows for the first time. This has provided strong support for ETH price and could be a catalyst for more pronounced recovery in ETH.
Trade Idea
ETH Accumulator
Buy ETH spot at 12.4% discount (2,320) every week as long as spot is below 2,900.
- Maturity: 18OCT24 (10 weeks)
- Strike: 2,320 (-12.4%)
- Upper Barrier: 2,900 (+9.4%)
- Observation Frequency: Weekly
Spot ref: 2,650 ETHUSD
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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