{"id":565001,"date":"2020-12-16T10:46:23","date_gmt":"2020-12-16T07:46:23","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565001"},"modified":"2020-12-16T10:49:06","modified_gmt":"2020-12-16T07:49:06","slug":"grayscale-ethereum-trust-ethe-share-price-rises-by-274-in-q4-2020","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/grayscale-ethereum-trust-ethe-share-price-rises-by-274-in-q4-2020\/","title":{"rendered":"Grayscale Ethereum Trust (ETHE) Share Price Rises by 274% in Q4, 2020"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>The Grayscale Ethereum Trust (ETHE) has had a fruitful Q4 by gaining 274%<\/strong><\/li>\n<li><strong>October 1st found ETHE trading at $39<\/strong><\/li>\n<li><strong>The share price is now at $146 with a possible correction in the days to follow<\/strong><\/li>\n<li><strong>Grayscale continues to accumulate Ethereum with approximately $1.73 billion under management<\/strong><\/li>\n<\/ul>\n<p>The share price of Grayscale&#8217;s Ethereum Trust (ETHE) has had a fruitful fourth quarter of 2020 by almost tripling in value since October 1st. At the latter date, the share price of the Grayscale Ethereum Trust (ETHE) was approximately $39. At the time of writing, the same ETHE is valued at $146 signifying a 274% increment in less than three months.<\/p>\n<p>The chart below, courtesy of Tradingview, further demonstrates the impressive growth of the Grayscale <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-ethereum-eth-news\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> Trust&#8217;s share price.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Ethereum-Grayscale-Trust-Dec-16th.jpg\"><img class=\"aligncenter size-full wp-image-565002\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Ethereum-Grayscale-Trust-Dec-16th.jpg\" alt=\"\" width=\"987\" height=\"510\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Ethereum-Grayscale-Trust-Dec-16th.jpg 987w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Ethereum-Grayscale-Trust-Dec-16th-300x155.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Ethereum-Grayscale-Trust-Dec-16th-770x398.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Ethereum-Grayscale-Trust-Dec-16th-500x258.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Ethereum-Grayscale-Trust-Dec-16th-240x124.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Ethereum-Grayscale-Trust-Dec-16th-717x370.jpg 717w\" sizes=\"(max-width: 987px) 100vw, 987px\" title=\"\"><\/a><\/p>\n<h2>What Next for the Share Price of the Grayscale Ethereum Trust?<\/h2>\n<p>The following can also be observed from the Grayscale Ethereum Trust (ETHE) chart above.<\/p>\n<ul>\n<li>$39 was a local bottom for the Grayscale Ethereum Trust (ETHE) share price<\/li>\n<li>The daily trade volume is very much in the green confirming bullishness<\/li>\n<li>ETHE&#8217;s value is above the 50-day, 100-day and 200-day moving averages<\/li>\n<li>A golden cross is about to form between the 50-day (white) and 200-day (green) moving averages<\/li>\n<li>However, the daily MACD is overextended hinting at a correction or possible sideways<\/li>\n<li>The daily MFI and RSI also confirm and overbought situation for the Grayscale Ethereum Trust<\/li>\n<li>ETHE has the July 2020 peak value of $157 to contend with as its next substantial resistance level<\/li>\n<\/ul>\n<h2>Grayscale Ethereum Trust Trading at a Premium<\/h2>\n<p><a href=\"https:\/\/grayscale.co\/ethereum-trust\/\" target=\"_blank\" rel=\"noopener\">According to Grayscale<\/a>, one share of their Ethereum trust is allocated 0.09276525 <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-addresses-holding-one-or-more-eth-hits-new-ath-of-1174377\/\" target=\"_blank\" rel=\"noopener\">ETH<\/a>. Doing the math, this corresponds to a value of $54 given Ethereum&#8217;s current price of $585. This means the Grayscale Ethereum Trust&#8217;s current share price is 2.7x more than the value of 0.09276525 ETH allocated per share and could very much be the first indicator of a possible correction for ETHE.<\/p>\n<p>Conversely, it could indicate that the real Ethereum is very much undervalued and the ETHE premium rate is foreshadowing a rally for Ethereum (ETH) above its all-time high of $1,400. However, this is pure speculation and should not be considered investment advice.<\/p>\n<h2>Grayscale Continues to Accumulate Ethereum<\/h2>\n<p>Recently, Grayscale has been <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-held-by-grayscale-increases-by-388714-eth-in-30-days\/\" target=\"_blank\" rel=\"noopener\">silently accumulating Ethereum<\/a>. At the time of writing, assets under management in the Grayscale Ethereum Trust are at $1.73 Billon. This corresponds to approximately 2.94 million Ethereum (ETH) held by Grayscale. Chances are that Grayscale will continue purchasing Ethereum in a manner similar to how <a href=\"https:\/\/en.ethereumworldnews.com\/grayscale-scoops-up-bitcoin-btc-worth-270m-in-the-last-7-days\/\" target=\"_blank\" rel=\"noopener\">they have scooped up Bitcoin<\/a> in the past one year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: The Grayscale Ethereum Trust (ETHE) has had a fruitful Q4 by gaining 274% October 1st found ETHE trading at $39 The share price is now at $146 with a possible correction in the days to follow Grayscale continues to accumulate Ethereum with approximately $1.73 billion under management The share price of Grayscale&#8217;s Ethereum Trust (ETHE) has had a fruitful fourth quarter of 2020 by almost tripling in value since October 1st. At the latter date, the share price [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":562360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823],"tags":[1322,5016,4226,108206],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565001"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=565001"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/562360"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=565001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=565001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=565001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}