Is $ETHE the Future of Finance? – October 19, 2023
This is Scott with your Chart of the Day. I want to take a look at the Grayscale Ethereum Trust ( OTCMKTS: ETHE ).
This trades over OTC so not everyone can trade it. But if you are interested in Bitcoin and Ethereum this is one of the ways you can get access to the digital asset space. Now, while GBTC, the Grayscale Bitcoin Trust ( OTCMKTS: GBTC ) has really kind of been “the bell of the ball” with a clear break out out of this consolidation pattern.
Grayscale Ethereum Trust ( OTCMKTS: ETHE ) is still just kind of going sideways here. And so I definitely think this is one to watch for a potential breakout above this clear level, right there, right around 12.20 or just around that level, maybe 12.17. Have an alert right there and look for a strong move through, coming on volume.
Now, I know crypto isn’t everyone’s cup of tea. But all I am saying is, the Grayscale Ethereum Trust ( OTCMKTS: ETHE ) looks a heck of a lot better than Goldman Sachs ( NYSE: GS ) right now. So is Ethereum ( OTCMKTS: ETHE ) the future of finance? I don’t know, but the chart looks a heck of a lot better than a lot of the banks right now.
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