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  • 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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Disclosure: The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.