Follow first
$ETH Faces Short-Term Correction Amid Grayscale ETHE Trust Offload
Analysts warn of a potential short-term correction for Ethereum amid Grayscale ETHE Trust offloading.
$ETH price drops by 8.28% in 24 hours, reflecting notable volatility and investor concerns.
Despite initial headwinds, analysts remain optimistic about Ethereum's long-term growth post-ETF launch.
$ETH is bracing for a potential short-term correction as analysts sound the alarm over the offloading of the Grayscale ETHE Trust. In a recent X post, analyst Michael van de Poppe highlighted a likely minor correction during the offloading phase of the Grayscale ETHE Trust.
Van de Poppe’s analysis parallels the significant correction experienced in the Bitcoin market following the launch of the Bitcoin ETF. He suggests that Ethereum could undergo a similar pattern as the market adjusts to the new dynamics introduced by the Grayscale ETHE Trust.
