ETHE
Grayscale Ethereum Trust Financial - Crypto ETF Investor Relations →
Grayscale Ethereum Trust (ETHE) closed at $16.75 as of 2026-02-02, trading 5.6% below its 200-week moving average of $17.75. This places ETHE in the deep value zone. The stock is currently moving closer to the line, down from 22.7% last week. With a 14-week RSI of 23, ETHE is in oversold territory.
Over the past 299 weeks of data, ETHE has crossed below its 200-week moving average 5 times. On average, these episodes lasted 20 weeks. Historically, investors who bought ETHE at the start of these episodes saw an average one-year return of +142.6%.
Over the past 5.8 years, a hypothetical investment of $100 in ETHE would have grown to $140, compared to $246 for the S&P 500. ETHE has returned 5.9% annualized vs 16.7% for the index, underperforming the broader market over this period.
Growth of $100: ETHE vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ETHE Crosses Below the Line?
Across 4 historical episodes, buying ETHE when it crossed below its 200-week moving average produced an average return of +199.0% after 12 months (median +100.0%), compared to +23.3% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was +101.7% vs +26.0% for the index.
Each line shows $100 invested at the moment ETHE crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ETHE has crossed below its 200-week MA 5 times with an average 1-year return of +142.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2020 | Jul 2020 | 2 | 8.3% | +161.4% | +142.3% |
| Aug 2020 | Nov 2020 | 13 | 48.1% | +308.8% | +150.7% |
| May 2022 | Nov 2023 | 78 | 69.1% | -42.5% | +33.8% |
| Mar 2025 | May 2025 | 8 | 26.5% | N/A | +4.3% |
| Feb 2026 | Ongoing | 1+ | 5.6% | Ongoing | N/A |
| Average | 20 | — | +142.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02