ETHE – Consolidated for 2 months, now trading under 3x ATR%
$Grayscale Ethereum Trust ETF(ETHE)$ – Consolidated for 2 months, now trading under 3x ATR% from the 50-day MA.
Clement_Ang17 highlighted ETHUSD $Grayscale Ethereum Mini Trust ETF(ETH)$ about a month ago, and it’s since made its way onto my watchlist.
After another month of sideways movement, the 50-day MA has now caught up. Price action remains beneath 200-MA in this bull flag structure but we are beginning to see a coiling of 6-MA that I tracks (10/20/50/100/150/200-MA). ADR 3.7%, Avg $ Vol $87mil, Avg Share Vol 4mil.
ETHE has qualified into my focus list for tradable setup above 200-MA at $22.
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