ETHE Grayscale Eth: 1D Chart Review

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Grayscale Ethereum Trust (ETHE).

The chart is self-explanatory. Price has been moving in a Descending Parallel Channel. It broke down from a Multi-month support line now resistance and may go back up for a re-test. The RSI also looks like it may be going back down to re-test the S/R line. A Death Cross may be a possibility coming up.

Included in the chart: Trend line, Support and Resistance Lines, RSI, Descending Parallel Channel, Death Cross, Simple Moving Average, Volume, Bull Trap, Volume Profile Visible Range (VPVR).

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I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk