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home / news releases / ETHE - Ethereum Is Setting Up For An August Rally

ETHE - Ethereum Is Setting Up For An August Rally

Grayscale Ethereum Trust (ETH) - Units
  • Ethereum's spot price and the ETH:BTC ratio both broke out of three-month falling wedge patterns.
  • The last time the ETH:BTC ratio experienced this bullish break-out, Ethereum returned 44% in one month.
  • Ethereum is experiencing supply shortages with tokens locked away for staking, locked away in smart contracts, and going offline to cold storage.
  • Ethereum's current outperformance is an example of the Bitcoin liquidity waterfall, which signifies that Altcoins are set to outperform next.

For further details see:

Ethereum Is Setting Up For An August Rally
Stock Information
Company Name: Grayscale Ethereum Trust (ETH) - Units
Stock Symbol: ETHE
Market: OTC
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