3iQ CoinShares Ether ETF Could Be Set to Break Out: Technically Speaking by Dwight Galusha

Last week the price of Ethereum starting pushing high from a falling wedge continuation pattern

Dwight Galusha | October 6, 2021 | SmallCapPower: 3iQ CoinShares Ether ETF (TSX:ETHQ) is a way to play Ethereum. Last week the price of Ethereum starting pushing high from a falling wedge continuation pattern. Watch for a price move back towards the all-time highs followed by a breakout.

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The 3iQ CoinShares Ether ETF began trading on the Toronto Stock Exchange on April 23, 2021.

The Ether ETF’s investment objectives are to provide unitholders with exposure to digital currency Ether, along with daily price movements of the U.S. dollar price of Ether, and the opportunity for long-term capital appreciation.

Ether is the native digital asset to the Ethereum blockchain, a decentralized platform for money and new kinds of financial applications. The concept of Ethereum was developed in Canada in 2013 and subsequently launched by a group of technologists from all over the world. With a market capitalization of over C$375 billion, Ether is the second-largest digital asset behind Bitcoin.

Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com

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