Quick update on the Grayscale ETHE chart looking at the daily time frame we can see that the price just broke out after the 3rd touch last week and looks like its headed towards the pre-split bottom at $28 - $31. I haven't done an update on this ETF since the split at the end of the year and after the price 2nd touched this downtrend. From here, we saw the bounce...
Moon landing should happen in the next two to three weeks.
Grayscale $ETHE vs ETH-USD (6 month)
If price can bounce off this trendline this is very bullish for ETHE. If Ethereum pumps this will too.. and hopefully ETHE makes up some ground on that negative premium.
We previously fell out of the upward channel and have been trying to break back in along an upward line of resistance. We'll see where the bottom of the channel is here by the end of the week. Up or down, trade at your own risk! No FOMO!
Overlaying ETH with ETHE - ETH has moved significantly over ETHE since the beginning of the year. This is interesting considering how (relatively) closely BTC and GBTC track.
Snake pattern formation is indicating a bullish momentum in the ETH trend.
Long entry level is above prior high of 28.85.. 2 scalloped shaped cups with the 2nd one forming the handle.. Volatile and not a recommendation
The institution is in since a few months ago and retails with fools money just entered.
Looking to enter between $11.50 and $13. Long dated cup and handle pattern on the 1day chart. IMO it would be more safer and cheaper to buy the actual coin itself instead of paying more for the Grayscale investment instrument. Buy with Ethereum hitting ATH and taking a small pullback, I have a 1.8k price target.
Grayscale''s Ethereum Trust resumed upward off of a strong area of support and moving upward along a longer trend line. I recognize that there is consensus expecting a very strong pullback should this current trend up fail. We'll need to watch for that and update our stops obviously. However there is an equal amount of media attention on crypto in 2021 that...
I liked the chart in the 5's and now it's looking good again, had a selloff but the premium is low again and I think ETH is about rip faces for a long time, ETHE to the 70's is my plan.
Chimp is long on BTC / GBTC / ETH / ETHE / LTC ETHE: accumulate. Chimp is a buyer on pull backs. ** Premiums paid for the trusts are not a concern to us.
With BTC & Ethereum due for a 30-40% correction in addition to the downward pressure lately on ETHE I am looking for the possibility of more downside with targets between 7.7 and 8.7.