GRAYSCALE ETHEREUM STAKING M (ETH) Technical Analysis
NYSEARCA:ETH • US38964R2031
Current stock price
ETH Technical Rating and Analysis
Taking everything into account, ETH scores 3 out of 10 in our technical rating. In the past year, ETH was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- ETH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- ETH has an average volume of 7754030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When comparing the performance of all stocks over the past year, ETH turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- In the last month ETH has a been trading in the 18.66 - 22.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ETH Weekly and Daily overview Charts
ETH Setup Rating and Analysis
ETH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 19.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ETH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ETH Support and Resistance Analysis
18.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.40 to 19.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.73 to 18.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 21.48 to 21.74. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 22.09 to 22.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.62 from a trend line in the daily time frame.
ETH Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ETH is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETH is up. |
| ChartMill Relative Strength | 50.51 | NEUTRAL | ETH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ETH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.16 | NEUTRAL | The RSI value for ETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests ETH has a positive trend. |
| Stochastics (14,3) | 92.8 | OVERBOUGHT | The high Stochastics value suggests ETH may be overbought. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for ETH suggests some volalility. |
| Average Directional Index/ADX (14) | 11.81 | NEGATIVE | The low ADX value for ETH suggests a weak or negative trend. |
ETH Chart- and CandleStick Pattern Analysis
ETH Technicals: Chart, Performance Metrics, Trend & Indicators
21.47
+0.08 (+0.37%)
GRAYSCALE ETHEREUM STAKING M / ETH TA FAQ
What is the ChartMill technical rating of GRAYSCALE ETHEREUM STAKING M (ETH) stock?
ChartMill assigns a technical rating of 3 / 10 to ETH.
What is the trend direction for ETH stock?
The current trend direction for GRAYSCALE ETHEREUM STAKING M (ETH) is Bearish.
What is the RSI signal for GRAYSCALE ETHEREUM STAKING M (ETH) stock?
GRAYSCALE ETHEREUM STAKING M (ETH) has an RSI value of 57.1566. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GRAYSCALE ETHEREUM STAKING M?
The MACD indicator for GRAYSCALE ETHEREUM STAKING M (ETH) has a value of 0.235075, indicating a bearish trend.
What is the support and resistance level for ETH stock?
GRAYSCALE ETHEREUM STAKING M (ETH) has a support level at 19.83 and a resistance level at 21.48. Check the full technical report for our detailed analysis of ETH support and resistance levels.