Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Up - Time to Buy?

Key Points

• Grayscale Ethereum Trust (ETH) shares experienced a significant **gap up**, opening at **$31.80** after previously closing at **$30.15**.
• Institutional investors have actively increased their stakes in Grayscale Ethereum Trust, with notable increases from firms such as **Cyndeo Wealth Partners LLC** and **Mainstay Capital Management LLC ADV** during the second quarter.
• The stock has shown an increase of **4.2%** and currently has a **50-day moving average** of **$22.85** and a **200-day moving average** of **$20.44**.

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - )'s stock price gapped up prior to trading on Monday . The stock had previously closed at $30.15, but opened at $31.80. Grayscale Ethereum Trust (ETH) shares last traded at $31.76, with a volume of 1,360,464 shares trading hands.

Grayscale Ethereum Trust (ETH) Stock Up 4.2%

The company has a fifty day moving average of $22.85 and a two-hundred day moving average of $20.44.

Institutional Investors Weigh In On Grayscale Ethereum Trust (ETH)

Institutional investors have recently made changes to their positions in the stock. Cyndeo Wealth Partners LLC grew its stake in shares of Grayscale Ethereum Trust (ETH) by 2.3% in the second quarter. Cyndeo Wealth Partners LLC now owns 33,953 shares of the company's stock valued at $708,000 after buying an additional 750 shares in the last quarter. Mainstay Capital Management LLC ADV raised its stake in Grayscale Ethereum Trust (ETH) by 100.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 28,948 shares of the company's stock valued at $604,000 after purchasing an additional 14,474 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of Grayscale Ethereum Trust (ETH) in the 2nd quarter valued at approximately $100,000. Valeo Financial Advisors LLC raised its stake in Grayscale Ethereum Trust (ETH) by 31.3% during the second quarter. Valeo Financial Advisors LLC now owns 20,802 shares of the company's stock worth $434,000 after acquiring an additional 4,964 shares in the last quarter. Finally, Simplicity Wealth LLC increased its position in Grayscale Ethereum Trust (ETH) by 104.2% during the 2nd quarter. Simplicity Wealth LLC now owns 71,910 shares of the company's stock worth $1,500,000 after purchasing an additional 36,690 shares in the last quarter.

About Grayscale Ethereum Trust (ETH)

crossword cybersecurity is a technology commercialisation company focusing exclusively on the cyber security sector. we work with research intensive european university partners to identify promising cyber security intellectual property ("ip"​) from research that our industry partners tell us meet emerging real-world challenges.

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