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On Wednesday, shares of the ETHU ETF (Symbol: ETHU) reached an oversold status, trading as low as $58.60 per share, with a Relative Strength Index (RSI) reading of 29.9, below the oversold threshold of 30. In comparison, the RSI for the S&P 500 stands at 43.8.
ETHU has experienced a significant decline, with its 52-week low at $22.1001 and a high at $251. Currently, the shares are trading approximately 10% lower on the day, with the last trade recorded at $59.14.
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