“Ether is expected to move by +/- 5.85% after the [Federal Open Market Committee] meeting, based on derivatives markets data. This implies that ether will finish the week at $1,485 or $1,670 (spot $1,578). This seems too narrow. Buying short-term straddles (buy calls and buy puts), which benefit from wide swings, might offer good risk reward here,” Thielen said in a note sent to clients early Wednesday.
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