ETHE Stock Grayscale Ethereum Trust ETF (ETHE, $30.97) Stochastic Oscillator left the overbought zone on December 18, 2024

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ETHE - Grayscale Ethereum Trust ETF

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Odds of DOWN Trend

Price: $30.97

Daily change: -$2.04 (-6.18%)

Daily volume: 7.9M

Net Assets: $10.4B

ETHE's RSI Indicator peaks and leaves overbought zone

The 10-day RSI Oscillator for ETHE moved out of overbought territory on December 09, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 46 instances where the indicator moved out of the overbought zone. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ETHE as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ETHE turned negative on December 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETHE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The 50-day moving average for ETHE moved above the 200-day moving average on December 18, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ETHE advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

ETHE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 297 cases where ETHE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .