ETHE Stock Grayscale Ethereum Trust (ETH) (ETHE, $23.2) price may drop as it broke higher Bollinger Band on May 17, 2024

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05/18/24

ETHE - Grayscale Ethereum Trust (ETH)

Bollinger signal

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Odds of DOWN Trend

Price: $23.2

Daily change: +$1.4 (+6.41%)

Daily volume: 3.9M

Net Assets: $10.4B

This price move could be a signal that ETHE may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 51 similar cases where ETHE's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:

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