ETHE Stock Grayscale Ethereum Trust ETF (ETHE, $28.18) RSI Indicator left the overbought zone on November 21, 2024

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ETHE - Grayscale Ethereum Trust ETF

RSI signal

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Odds of DOWN Trend

Price: $28.18

Daily change: +$2.36 (+9.14%)

Daily volume: 6.5M

Net Assets: $10.4B

ETHE's RSI Oscillator penetrates overbought territory

The RSI Oscillator for ETHE moved into overbought territory on November 21, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 59 cases where ETHE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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 .

ETHE broke above its upper Bollinger Band on November 07, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on ETHE as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ETHE just turned positive on November 06, 2024. Looking at past instances where ETHE's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .

ETHE moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ETHE crossed bullishly above the 50-day moving average on October 21, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where ETHE advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 293 cases where ETHE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .