BITWISE ETHEREUM ETF (ETHW) Stock Technical Analysis
NYSEARCA:ETHW - NYSE Arca - US0919551046 - ETF - Currency: USD
Taking everything into account, ETHW scores 6 out of 10 in our technical rating. In the last year, ETHW was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than ETHW.
Both the short term and long term trends are positive. This is a very positive sign.
ETHW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ETHW has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.21
19.93
2 important support areas can be observed.
- Support @17.96 from a horizontal line in the daily time frame.
- Support @14.35 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 18.38 to 18.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.31 from a horizontal line in the daily time frame.
- Resistance @19.73 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for ETHW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETHW is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ETHW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETHW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETHW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETHW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.82 | NEUTRAL | The RSI value for ETHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests ETHW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.07 | OVERBOUGHT | The high Stochastics value suggests ETHW may be overbought. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for ETHW suggests high volalility. |
| Average Directional Index/ADX (14) | 31.12 | POSITIVE | The high ADX value value for ETHW suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:ETHW (5/23/2025, 9:30:40 PM)
18.38
-0.54 (-2.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.85%
1 Week-1.29%
2 Weeks9.73%
1 Month41.82%
3 Month-2.55%
6 Month-22.32%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.17
ATR(20)%5.15%
ATR Inc-16.56%
Range Today0.32
ADR(20)0.62
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High19.65
10 Day Low17.19
20 Day High19.65
20 Day Low12.43
52 Week HighN/A
52 Week LowN/A
CS1 End17.96
CR1 Start18.38
Volume & EV
DER(3)1.08%
DER(5)3.3%
Volume495.10K
Volume Incr43.74%
Vol(5)478.62K
Vol(50)356.46K