Looking at the daily time frame of ETHE here, if Ethereum can continue its move upwards, we can expect to see a $ 12 price target for ETHE.
At the moment, ETHE by itself is -44% Discount to NAV which means you’re essentially buying Ethereum spot price around $1000.
The $ 8.78 support level has held and i’m expecting that to before this move up and out of the $ 8.78 - $ 9.78 range, and hitting $12.11 as a result of that momentum.
Again, this chart basically depends on the spot price of Ethereum, These targets I have marked are where i’m looking to take profits:
🎯 12.11 🎯 13.89 🎯 15.97
As always please do your own research, this is not financial advice.
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