Deep Tide TechFlow news, on November 26, according to The Block, Ethereum and Bitcoin options traders have shown a cautious attitude ahead of the FOMC meeting minutes and the release of U.S. Core Personal Consumption Expenditures (PCE) data on Wednesday. Analysts point out that traders are closely watching this week's economic data to assess inflation progress and whether another interest rate cut is possible in December.
Analytical reports show that Ethereum's implied volatility has significantly tilted towards put options, reflecting a similar sentiment in the Bitcoin market. The current price of Ethereum is around $3,300, and data from U.S. market Deribit shows that the put/call ratio of its options has risen to 0.74, indicating increased market concerns over downside risks. Bitcoin has fallen below $93,000 and is seeking support around $95,000.
The market generally believes that tonight's FOMC meeting minutes and Wednesday's PCE data will be important factors influencing short-term market trends. Analysts suggest that if the inflation data is lower than expected, it could strengthen Bitcoin's momentum to break through $100,000.
