ETHE BullishETHE Bullish I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.Longby braheemaliUpdated 229
Following the lower edge of the pitch fork.ETHE appears to be riding the lower edge of the pitch fork. Any bullish movements might be predicted by the upper bands of the fork.Longby srqTagle2
Above $14 is the sweet spot!Observe the $14 price point, significant area that can signal higher up side. by srqTagle2
Grayscale Trust Update: October 9, 2023OTC:GBTC is looking like a better long here largely on the basis of a weakening BINANCE:ETHBTC Longby qthompUpdated 110
Long Trade in ETHE (Ethereum)This is the Ethereum ETF. ETHE is showing strength similar to Bitcoin. Notice how ETHE closed below the 21-day exponential moving average (blue line on chart) on August 1st. It came right to previous resistance and bounced hard on high volume the very next day. This is what I want to see – aggressive buyers taking advantage of temporary price drops. I took a position in this stock as well this week. I want to see it hold above 10.75. Longby rossgivens0
Head & Shoulders Success and Failure TargetsGrayscale Ethereum Trust ETF appears to be forming a giant head/shoulders. If it continues in that direction, this would make it bullish in the near-term, up to around 20-21. After hitting 20-21, pay attention to whether it succeeds or fails in confirming the pattern and the succeeding in staying below neckline lows or failing and moving back above the right shoulder. Targets shown on the chart for either scenario. Look for a potential move up to 20-21 first.by dudebruhwhoa5
Grayscale Ethereum Trust (ETHE) Daily Price TargetsHey traders, Looking at the daily time frame of ETHE here, if Ethereum can continue its move upwards, we can expect to see a $ 12 price target for ETHE. At the moment, ETHE by itself is -44% Discount to NAV which means you’re essentially buying Ethereum spot price around $1000. The $ 8.78 support level has held and i’m expecting that to before this move up and out of the $ 8.78 - $ 9.78 range, and hitting $12.11 as a result of that momentum. Again, this chart basically depends on the spot price of Ethereum, These targets I have marked are where i’m looking to take profits: 🎯 12.11 🎯 13.89 🎯 15.97 As always please do your own research, this is not financial advice.Longby kyer4
ETHE 51% Discount to NAVGrayscale Ethereum Trust and Grayscale in general for that matter, has been beaten down this year, with the clearest example identified in the ETHE Discount or Premium to NAV (Net Asset Value) which is down -51% to par. Given the current spot price of Ethereum (at the time of writing) at $1,321, this would put the spot price of each Ethereum held by Grayscale in the trust at ~$673 per Ether. This price per Ether is obviously undervalued and the market will pick this back up as the price of Ethereum returns to mean. Looking at the weekly time frame, the three easily identifiable lows on this chart are at the end of 2019, 2020, and now 2022. This looks like now to be a great buying opportunity or a place to stack onto your position as we’re closing out the year. From here, I’m expecting a return to par value with the share price of ETHE and that should tick it around $12-13 for a fair price. This chart combines both technical and fundamental indicators so we’ll see how this goes. The contrarian trade or the opposite end of this play is Grayscale and Coinbase are secretly insolvent and this whole trade is a bust / never returning out any physical Ether to shareholders. I’m buying at these levels for some exposure in my stock trading brokerage as it’s a 51% discount to spot price of physical Ether, again would be the ultimate goblin level lows for Ethereum at $673-688. As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.Longby kyer228
long term $70 stock bullish abcd pattern reverse trianglelong term accumulation, see a bullish ABCD reverse triangle pattern set up see the TECS, TLT reverse triangle pattern set up this is for my education and trading purpose and learning . NOT TRADING OR INVESTMENT ADVICE Longby moneyflow_trader2
Ethereum breakout coming (ETHE) Falling wedge buildingEthereum looks prime for a relief rally. After looking at the Grayscale Ethereum trust (ETHE) it's clear we are due. With patterns we can't tell when but we can estimate how high the rally could go. Check out the chart. I imagine we could hit the golden pocket with no issues (area between the .618 and .65 fibs). The falling wedge could break lower forming a longer wedge pattern but we are looking for a breakout of the black line then a retest back to the support line then we breakout!by TechniBlockUpdated 3
$ETHE Ethereum Livermore CylinderReal nice Livermore cylinder here on ETHE. with Bullish divergence on a weekly time scale Longby TradingNomadic110
ETHE - Short Term Trade If $ Has Technical BreakIf you look at my previous posted chart, and the dollar does a short term drop, and we're talking day or days here, then ETHE may come up and test it's 63 Week Exponential Moving Average from the bottom and catch a rejection at about the time the dollar resumes its rise. Might be a Friday only trade as I'd be nervous holding crypto in a trading account through the weekend with with the Fed meeting on Wednesday next week. The dollar could move on me before market open Monday morning and the short term trade could be a loss. I would look for the candle rejection on the 63 week EMA and sell the position should this kind of move happen and I'd limit my trade exposure to 1 day, even if it doesn't reach the target tomorrow. This is best traded in some kind of IRA so you aren't taxed on the gains at the short term rate.Longby worldlyFriend67762Updated 0
ETHE Strong support at this levelETHE long this strong pullback at 16.40Longby etradegoodsUpdated 554
ETHE New target at 33ETHE new target 33, the gap zone from May 21st, begone the strong downtrend from the previous months.Longby etradegoodsUpdated 112
ETHE Grayscale Eth: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Grayscale Ethereum Trust (ETHE). The chart is self-explanatory. Price has been moving in a Descending Parallel Channel. It broke down from a Multi-month support line now resistance and may go back up for a re-test. The RSI also looks like it may be going back down to re-test the S/R line. A Death Cross may be a possibility coming up. Included in the chart: Trend line, Support and Resistance Lines, RSI, Descending Parallel Channel, Death Cross, Simple Moving Average, Volume, Bull Trap, Volume Profile Visible Range (VPVR). If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. I have additional charts below on cryptocurrencies, stocks and more to review. Check them out! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickkby MillionaireEconomics5
Ethereum looks ready to move, will Grayscale move as well?So everyone is scared, just like the last time this big buyer came in. Some one sees a low RSI and dramatic drop and they buy and then sell at 90% profit. Now that SQQQ has had its run up (finally) some tech can bubble back up in small select areas. If an announcement about the progress of Ethereum 2.0 comes out then this thing will move. People are saying Eth 2.0 will never be released but usually that is a week or a month before a big announcement is comes out. They say trade what you know and i have been trading ETHE for 2 years and I have noticed that it marches to the beat of its own drummer, sure real Ethereum has its influence on the price of Grayscale ETHE but it more wild than ETH. Yes, technology stocks will continue to fall as people see the companies have no earnings, but Ethereum does have earnings! I mean have you paid those gas fees? That is money in the bank for Ethereum, if you had a constant stream of income and you put that into research and development... like the development of Ethereum 2.0 ... you might upgrade the network. People think Ethereum is too energy intensive but Ethereum 2.0 promises to fix that which might draw market share from Bitcoin. (see Eth dominance chart link below). I think people will sell BTC for ETH when ETH 2.0 comes out.Longby JGH_Capital223
ETH ETHE Grayscale Ethereum Trust WeeklyETH ETHE Grayscale Ethereum Trust Weekly Long idea with time for dollar cost averaging in to the buy zone on ETHE. looking at FIBO retrace levels to hold on ETH at 3k - would translate to support at $22 for ETHE and a possible long term positive buying opportunity. as always with caution and good luck! please like and commentLongby btcbiff2
Proposing a long term conservative target for Grayscale EthereumIn 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.by chillcryptoUpdated 333
Long ETHELong ETHE Ticker: ETHE Currency: ETH Asset Per Share: 0.01004174 Underlying Value: $38.12 Share Price: $32.36 Expense Ratio: 2.50% Discount: 17.80%Longby UnknownUnicorn124404394
GBTC and ETHE - What Will Monday Look Like?Hello friends, today you can review the technical analysis on the 1W chart for Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). 1) Both GBTC and ETHE are heavily invested into the crypto markets through Grayscale. 2) With the crypto market correction, prices of both GBTC and ETHE may fall as well. 3) Both charts show the Fibonacci Retracement from the beginning of the this crypto bull cycle to current prices. 4) Since Bitcoin was down about 20-25%, CryptoPickk assumed a 20% decrease. This may be completely off as GBTC and ETHE has been affected harder when crypto markets are down. It is difficult to catch a falling price so it's pretty to start somewhere and plan based on where it goes. 5) If prices keep falling, keep an eye on the 0.382 fib level as this has been a target where prices start to move back up. It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickkby MillionaireEconomics225
Déjà vu in Grayscale's Cryptocurrency TrustGBTC (Grayscale Bitcoin trust) is the only form of pure exposure to Bitcoin for stock trading accounts. The biggest problem GBTC had in its inception and during the bull market of 2016 - 2017 was how many Bitcoins were held in the trust in relation to its stock price. At the height of the crypto rally in 2017, GBTC was trading in the vicinity of a 100%+ premium to Bitcoin. That means buying $10,000 worth of GBTC really only meant owning the equivalent of .5 Bitcoin. Eventually the premium dwindled down to about 20%, which makes sense since traditional trading and retirement accounts (IRAs) now have access to BTC performance. In June 2019, Grayscale came out with ETHE (chart above), the GBTC equivalent for Ethereum. At one point I believe it was trading at a staggering ~400% premium to Ethereum (June 2020). We are seeing something VERY similar happening with ETHE. The KEY THING here is the ETH holdings per share (you could see that below). GBTC closed on Friday at $13.58 per share, while the holdings per share closed at $11.25: Market Price per Share* At close as of 08/21/2020 $13.58 DAY CHANGE -4.10% Bitcoin Holdings per Share** At close as of 08/21/2020 $11.25 DAY CHANGE -0.18% Source: grayscale.co ] grayscale.co Here is where we're at today for ETHE: Market Price per Share* At close as of 08/21/2020 $67.90 DAY CHANGE 8.81% ETH Holdings per Share** At close as of 08/21/2020 $38.17 DAY CHANGE -0.42% Source grayscale.co At some point ETHE is likely to trade at a small premium to Ethereum (probably similar to GBTC, which is about 20%). I think we are getting very close to that point. I expect the premium to erode to something reasonable, somewhere between $35 - $42 per share. This is the zone where I would get a buy signal. Right now it's nearly double that.by LanmarUpdated 161619
ETHELooks ready to push back to ATH IMO. With the 1.618% up next to be tested b4 W5 finally ends around $66by Big_Mike716224