ETHE is bottoming out again. They crash it before pushing it back up. Just wait for it to fall further. But dont wait too long. We might get the 'Bitcoin crash' which could send it lower suddenly so have so ridiculous low orders on the books just in case.Otherwise sell it when it is back over $200-300.
the normal rate for ethereum grayscale trust to spot is 0.1 because each share represents this amount.
recently this rate has skyrocketed over 1, 10x more than spot.
ETHE has exploded higher as Ethereum breaks out to lead the new crypto bull market. The key factor here may actually be macro, with money searching for somewhere to go that can allocate against the decimation of fiat currency values that may accompany the $18T in new stimulus we have already seen since March.
Taking a look at the Grayscale Ethereum Trust, ETHE, I'm seeing that this has already gained over 280% as the institutional investors keep stockpiling their ethereum.
Ethereum hit $1400 based off pure speculation with little to no actual adoption, now we have at least 100x the news we did in 2017. I'm pretty sure Ethereum can make it to at least $365.
Perfect...
ETHE We warned on this name last week and it dropped over 77% - This is NOT a name for retail traders to try to "Pick the low" you will get DESTROYED if you do. This name has been TOXIC to retail longs trapped over the past week. #trading #stocks #crypto #fintech #ETH
