Upon further review of the charts, I’ve decided to close out the ETHE (ethereum ETF & /ETHUSDRR, futures) long trade here & keep the what were previously potential additional targets as just that (potential) as it appears there is a decent chance that the counter-trend/bear market rally has fully run its course. Initial (April 8th) & updated daily charts below.
ETHE daily April 8th
ETHE daily May 5th
We pretty much nailed the entry on ETHE, entering the trade just off the lows on April 8th, the very day before it bottomed (with Bitcoin as a sister trade). ETHE rallied 25% from there & certainly could continue to the additional potential (unofficial targets) so those still long & bullish might opt to raise stops & let the position run. However, ETHE will now be moved to the Completed Trades archives without further updates (unless requested).