Proposing a long term conservative target for Grayscale Ethereum

In this current trajectory, assuming the market is maturing and no significant parabolic run, our next target is about 20% above our current position in the late Feb-March timeframe.

A parabolic run obviously would break out of the current rising wedge. Looking back, our last major push from Ethereum began in the Feb-March timeframe. Seems reasonable to expect the same at that time.

Just postulating... not financial advice. DYOR.

Comment:

Obviously we dropped below the rising wedge I had drawn out and are now testing the .618 retracement. With extreme fear setting in, this is a great place to bounce.

The risk to the downside would meet the 250-day moving average. That would then push out our timeframe in the area that we expect an ETF announcement (conjecture).