ETHE is the grayscale stock trust for ethereum.
ETHE has been frozen since Friday afternoon when the stock market last closed. At that time, ETH was trading at around $510. Currently, ETH is pushing over $590. Simple logic tells us that when the stock market opens Monday morning (in about 5 hours) ETHE will likely catapult upward to compensate for the movement of ETH/USD over the weekend.
TLDR: Expect a 10%+ Jump in ETHE Stock value right as the market opens on Monday, as the trust fund shares catch up to underlying asset appreciate over the weekend.
ETHE has been frozen since Friday afternoon when the stock market last closed. At that time, ETH was trading at around $510. Currently, ETH is pushing over $590. Simple logic tells us that when the stock market opens Monday morning (in about 5 hours) ETHE will likely catapult upward to compensate for the movement of ETH/USD over the weekend.
TLDR: Expect a 10%+ Jump in ETHE Stock value right as the market opens on Monday, as the trust fund shares catch up to underlying asset appreciate over the weekend.
Trade closed: target reached:
ETHE Up over 24% as of writing to $97.45. The fund did "catch up" to weekend ethereum movement as anticipated. Keep an eye on future ETH movements while stock market is closed.