2021-01-24, SUNDAY. GRAYSCALE ETHEREUM TRUST PERSPECTIVEThe institution is in since a few months ago and retails with fools money just entered.Longby NYC19764
ETHE $25 PT C&H 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.Longby Quaaaaaaa2
Resuming upward off of a longer trend lineGrayscale''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 supports longer upward momentum. The trading of cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.by chillcryptoUpdated 992
ETHE - Plan is for 70's 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. Longby ghengiskahnspermshot2214
ETHEChimp 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.Longby ChimpCapital007113
Possible Head & Shoulders FormingWith 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.Shortby djlavigne551
ETHE - Watch out for the bounce! Ethe supply getting eaten up. Could very well be continuing an exponential move. Longby You238815
ETHE Weekly CloseIf ETHE closes this week above the $13.58 line, should remain bullish. If it doesn't, could have a buying opportunity around $10.by Ecar2221
Grayscale Ethereum - ETHEThese are my thoughts on ETHE. They are meant to give you an idea, not trading advice. So we saw a big rally in ETHE, I do was expecting this to go higher. Too bad. But a correction is inevitable, and will tell us a lot about the future of this market. - We just had a big capitulation volume spike which could mean the bottom of this correction is in. - RSI is still on the strong side. If it can somehow manage to pick it up here, the correction could be over. But Looking at the massive selloff in the last 2 weeks, I think we will needs some consolidation which could take a couple of months, like we saw after the previous spikes. Early-mid 2021 seems like the takeoff. I will update this since I'm still holding my position. Please be careful, as the market never gives you certainties, only probabilities! ALWAYS REMEMBER THIS WHEN YOU TRADEby AXLPUpdated 227
Grayscale ETH Trust - this chart looks incredibleThese are my thoughts on ETHE. They are meant to give you an idea, not trading advice. This is a setup meant to go big. - Almost breaking out of a pattern - RSI getting to a strong point - massive volume - crypto bull market starting I believe price will get above the white MA, then start a massive & aggressive uptrend. I hope I'm right on this on. Please be careful, as the market never gives you certainties, only probabilities! ALWAYS REMEMBER THIS WHEN YOU TRADELongby AXLPUpdated 669
Grayscale ETHE Post-Split Price TargetsHey traders, haven't done an ETHE read in a while so here we go. On December 2nd, 2020, Grayscale Investments Ethereum Trust ETHE declared a 9-for-1 stock split. Based on the Trust having 29,502,100 Shares issued and outstanding and each Share representing ownership of 0.09284789 of one Ethereum, after the effectiveness of the Share Split on December 17th, 2020 the Trust now has 265,518,900 Shares issued and outstanding, representing 0.01031643 of one Ethereum. Grayscale ETHE has ~2,755,267 Ethereum according to their AUM on their website. That's about 2.4% of the entire supply of Ethereum, with 113,983,877 total ETH circulating. In other words, a decent chunk of the supply controlled by one entity. Now in June 2020, ETHE had a spike upwards to whats now $28 after-split when the price of ETH was about $200 a coin. That's a pretty hefty premium for this stock and trading at about a 515% premium to ETH value. Now, December 2020 going into 2021, ETHE is trading around $16 with the current value of ETH being $600 which doesn't make a whole lot of sense. Realistically, the price right now should be at least $31.50 if investors kept true to the premium. However, it is not like that and we're seeing some accumulation around $13.8889 - $15.9722. It looks like we hit the top of the 2nd cycle this week and have fallen 33% in the span of 2 days. I don't think this dip will go much lower than $13.889 as that is the start of the uptrend and is a local bottom signal. I'm expecting a reversal off of this level, going long towards: TP1 🎯 $15.9722 TP2 🎯 $22.5544 TP3 🎯 $31.5000 Okay some detail about these $31.5000 and $40.50 levels, they are both the absolute bottom levels before the stock split 9:1 earlier this month. Right now the $4 level of support I have marked represents the $40.50 level that's still drawn out on this chart. From what i've been noticing is that these pre-split drawn levels of support turn into resistance levels on the post-split chart. I saw this exact pattern play out in TSLA where all the levels of support drawn pre-split turned into take profit levels going long as resistance. I hope that makes sense traders and please trade this stock with caution it is an ETF that says it represents shares of Ethereum with $1.7B AUM but as always tread with caution. This is a daily chart so i'm not expecting a reversal right away, but it should happen and going long to my TP levels. Will not happen overnight!!!! <---- Cheers and happy holidays traders!by kyer696924
14wma passing 50wmaGrayscale ETHE performing well. Outperforming GBTC. LOOKING BULLISH by product6803113
Grayscale Ethereum was up 15% and back up to resistanceBroke out above for a very strong day.by chillcrypto116
ETHEl Buy it here targeting $66ETHE has broken out of its wedge formation. Buy it here for a ride up to $66Longby torquioUpdated 3
ETHE e2e setupEthereum looks bullish along with bitcoin, especially if btc breaks 14k resistance. Nice 1D e2e here with TK xover. Lets see. I rebought at $41Longby degentrader1111Updated 222
ETHE MACD cross and rising wedgeBreakout over $100 could lead to much higher pricesLongby chris85s116