ETHE
Grayscale Ethereum Trust Financial - Crypto ETF Investor Relations →
Grayscale Ethereum Trust (ETHE) closed at $18.72 as of 2026-05-01, trading 4.0% above its 200-week moving average of $18.00. The stock is currently moving closer to the line, down from 5.1% last week. The 14-week RSI sits at 34, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.66 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 311 weeks of data, ETHE has crossed below its 200-week moving average 5 times. On average, these episodes lasted 22 weeks. Historically, investors who bought ETHE at the start of these episodes saw an average one-year return of +108.6%.
Over the past 6 years, a hypothetical investment of $100 in ETHE would have grown to $156, compared to $257 for the S&P 500. ETHE has returned 7.7% annualized vs 17.0% 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 5 historical episodes, buying ETHE when it crossed below its 200-week moving average produced an average return of +152.2% after 12 months (median +100.0%), compared to +22.0% for the S&P 500 over the same periods. 75% 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 +108.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2020 | Jul 2020 | 2 | 8.3% | +161.4% | +171.5% |
| Aug 2020 | Nov 2020 | 13 | 48.1% | +308.8% | +180.9% |
| May 2022 | Nov 2023 | 78 | 69.1% | -42.5% | +49.9% |
| Mar 2025 | May 2025 | 8 | 26.5% | +6.7% | +16.9% |
| Feb 2026 | Apr 2026 | 9 | 11.4% | N/A | +12.2% |
| Average | 22 | — | +108.6% | — |
Frequently Asked Questions
Is ETHE below its 200-week moving average?
No. Grayscale Ethereum Trust (ETHE) is currently 4.0% above its 200-week moving average of $18.00. It would need to fall to $18.00 to cross below the line.
What is ETHE's 200-week moving average price?
Grayscale Ethereum Trust's 200-week moving average is $18.00 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when ETHE drops below its 200-week moving average?
ETHE has crossed below its 200-week moving average 5 times in our data. On average, buying at that moment produced a one-year return of +108.6%. These dips have historically been decent entry points. These episodes lasted 22 weeks on average.
Is ETHE a good value right now?
Here's what our data says about ETHE as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 34. This is not a buy or sell recommendation — always do your own research.
How does ETHE compare to the S&P 500?
Over the past 6 years, $100 invested in ETHE would have grown to $156, compared to $257 for the S&P 500. That's 7.7% annualized vs 17.0% for the index. ETHE has underperformed the broader market over this period.
Does ETHE pay a dividend?
Yes. Grayscale Ethereum Trust currently pays a dividend yield of 76.00%.
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 week of 2026-05-01