Technical Analysis for EFUT - VanEck Ethereum Strategy ETF

Grade Last Price % Change Price Change
F 24.25 -7.58% -1.99
EFUT closed down 7.58 percent on Friday, July 5, 2024, on 3.19 times normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Down

Date Alert Name Type % Chg
Volume Surge Other 0.00%
Narrow Range Bar Range Contraction 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Fell Below 50 DMA Bearish -7.58%
Cup with Handle Other -7.58%
Narrow Range Bar Range Contraction -7.58%
Gapped Down Weakness -7.58%
Gapped Up Strength -9.62%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 24 hours ago
1.5x Volume Pace about 24 hours ago
3x Volume Pace about 24 hours ago
Down 5% about 24 hours ago
Down 3% about 24 hours ago

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Profile

VanEck Ethereum Strategy ETF Description

EFUT seeks long-term capital appreciation through ether (ETH) futures contracts. The goal is to maintain 100% economic exposure to ETH. In some cases, such as for tax liabilities, exposure may temporarily exceed 100% (up to 125%). The fund utilizes the inherent leverage in ETH futures, as well as from borrowing for potential amplified returns. However, this heightens the fund's risk, making it sensitive to fluctuations in ETH prices. To reduce risks, the fund holds a variety of short-term debts. In situations where the target exposure is not met, the fund may invest in other either-linked investments. As an actively managed fund, engaging in frequent trading activity, the fund may experience a higher turnover rate. Structured as a C-Corp, which accrues tax expenses at the fund level, may provide increased tax efficiencies for long-term investors holding shares in a taxable account. EFUT pledges 10% of profits to Protocol Guild for a decade, expressing faith in Ethereum's future.


Classification

Keywords: Blockchain Cross Platform Software Ethereum Leverage

Is EFUT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 31.9199
52 Week Low 14.3272
Average Volume 25,987
200-Day Moving Average 0.00
50-Day Moving Average 26.71
20-Day Moving Average 27.15
10-Day Moving Average 26.53
Average True Range 0.91
RSI (14) 33.77
ADX 19.06
+DI 20.57
-DI 48.63
Chandelier Exit (Long, 3 ATRs) 27.21
Chandelier Exit (Short, 3 ATRs) 26.68
Upper Bollinger Bands 29.18
Lower Bollinger Band 25.12
Percent B (%b) -0.21
BandWidth 14.97
MACD Line -0.42
MACD Signal Line -0.13
MACD Histogram -0.285
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.85
Resistance 3 (R3) 24.81 24.58 24.75
Resistance 2 (R2) 24.58 24.42 24.59 24.72
Resistance 1 (R1) 24.41 24.33 24.49 24.45 24.68
Pivot Point 24.18 24.18 24.22 24.19 24.18
Support 1 (S1) 24.01 24.02 24.10 24.05 23.82
Support 2 (S2) 23.78 23.93 23.80 23.78
Support 3 (S3) 23.61 23.78 23.75
Support 4 (S4) 23.65