$ARKM is on my watchlist. We saw a huge pump after Arkham Intelligence identified Grayscale's Ethereum Trust as the second-largest Ethereum holder. Notably, this news came alongside a court victory for Grayscale.
However, we can see the price retraced after the news cooled down a bit. Now it's trading near its resistance, and once the price rejects and retests from this area, we can consider opening a short position up to the 43-45 levels.
Keep an eye on this one. Once it's confirmed, we will share the entry and targets.
