Grayscale Ethereum Trust ETF Takes a Dive Below Key Moving Average
In Monday’s trading, shares of the Grayscale Ethereum Trust ETF (Symbol: ETHE) fell below their crucial 200-day moving average of $25.03, reaching a low of $21.33 per share. This decline marks a notable drop of approximately 17.6% for the day. The accompanying chart illustrates the performance of ETHE shares over the past year in relation to their 200-day moving average:
From the chart, it’s clear that ETHE’s lowest point within its 52-week range is $18.50 per share, while the highest point reached $36.1575. The most recent trade settled at $22.88, indicating significant movement now compared to earlier in the year.
For a closer look, click here to check out which 9 other ETFs have recently dipped below their 200-day moving average. »
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