In trading on Monday, shares of the Grayscale Ethereum Trust ETF (Symbol: ETHE) fell to $14.98 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 28.3. Stocks are considered oversold when the RSI is below 30; for comparison, the S&P 500 has an RSI of 43.2.
ETHE’s performance over the past year shows a low of $12.105 and a high of $40.135. Currently, the shares are trading down approximately 6.2%, with the last price recorded at $15.18. This decline presents potential buying opportunities for bullish investors, suggesting recent heavy selling may be nearing exhaustion.
