ETH Surges 10.7% Weekly as CPI Misses, Bybit Targets $2,240
2026-07-22 16:10

Woofun AI reports that Bybit’s weekly options update for July 14-20 shows BTC closing near $60,200 with a 3.1% gain, while ETH rose 10.7%. The rally followed CPI and PPI figures missing expectations, reducing September rate hike probability from 100% to 55%. Fed member Warsh described AI-driven price pressures as "one-time changes", lowering bond yields. ETH confirmed a W-bottom pattern after breaking the $1,788 neckline, targeting $2,240. BTC formed a Two-B structure with $64,000 as support. ETH ETFs captured 58% of crypto ETF inflows. Bybit suggests ETH Put Seller strategies with strikes between $1,700 and $1,750, aiming for 13% to 30% annualized yields.

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Tags:
BTC
ETH
Warsh
Bybit
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