Grayscale Ethereum Mini Trust 7.85% Rise: Technical Analysis Points to $26.72 Monthly Target

Grayscale Ethereum Mini Trust is moving up 7.85% today, rising from $26.23 to $28.29 as of 23-Dec-2025. The trust’s price jump comes with strong volume activity, showing 9.85 million shares traded against an average of 7.46 million. Technical indicators reveal mixed signals, with the Relative Strength Index at 38.41 suggesting oversold conditions, while the ADX at 26.05 indicates a strong downtrend is still in place. Market data shows the trust is trading between its 50-day average of $32.16 and 200-day average of $29.22, positioning it in a consolidation zone. Understanding today’s move requires looking at both the technical setup and what market sentiment is telling us about future price direction.

Price Movement and Market Data

Grayscale Ethereum Mini Trust is rising $2.06 today, with the price moving up from $26.23 to $28.29 in a single trading session. The 7.85% gain represents a significant one-day move, though the trust remains below its 50-day moving average of $32.16. Volume surged to 9.85 million shares, which is 29.4% above the 30-day average, indicating strong participation in today’s rally. The trust’s year-to-date performance shows a 3.26% gain, but it remains 38.3% below its 52-week high of $45.79 set earlier in the year. This price action suggests the trust is recovering from recent weakness, though it still faces resistance at higher levels.

Technical Analysis and Indicators

The Relative Strength Index at 38.41 shows oversold conditions, meaning the trust has fallen sharply and may be due for a bounce. The MACD is negative at -1.18 with a signal line at -1.16, indicating downward momentum is still present but weakening. Bollinger Bands show the price at $28.29 is near the middle band of $28.38, suggesting the trust is finding equilibrium after recent selling pressure. The ADX at 26.05 confirms a strong trend is in place, though the direction remains bearish based on other indicators. Williams %R at -91.46 and Stochastic %K at 17.95 both signal deeply oversold conditions, which often precede relief bounces like today’s move.

Grayscale Ethereum Mini Trust Market Sentiment

Trading Activity

Volume today reached 9.85 million shares, a 29.4% spike above the 30-day average of 7.46 million, showing aggressive buying interest in the trust. This elevated volume suggests the move is not just a technical bounce but reflects real market participation. The price action combined with volume indicates buyers are stepping in after the trust fell to oversold levels. This type of volume-backed rally often attracts momentum traders looking to capitalize on relief bounces.

Liquidation

The oversold RSI of 38.41 and Williams %R of -91.46 suggest short positions may have been covering today, creating a short squeeze effect. When oversold conditions reverse sharply on high volume, short sellers often rush to close positions, amplifying the upside move. The trust’s bounce from $27.71 (day low) to $28.48 (day high) shows intraday volatility typical of short covering activity. This relief rally is liquidation-driven rather than fundamentally driven, meaning the move may face resistance as the bounce matures.

Grayscale Ethereum Mini Trust | Forecasts | 23-Dec-2025

Monthly Forecast

The monthly forecast for Grayscale Ethereum Mini Trust points to $26.72, which is 5.5% below today’s price of $28.29. This target suggests the relief rally may be temporary, with the trust expected to lose ground over the next 30 days. The forecast reflects the ongoing downtrend shown by the ADX and negative MACD, indicating sellers still have control. Forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto and stock markets.

Quarterly Forecast

The quarterly forecast shows a target of $17.17, representing a 39.3% decline from the current price over the next three months. This significant downside target suggests the trust may face sustained selling pressure if the broader downtrend continues. The forecast is based on the current technical setup and momentum indicators pointing lower. However, support levels at the 200-day moving average of $29.22 and the year low of $13.69 will be key areas to watch.

Yearly Forecast

The yearly forecast for Grayscale Ethereum Mini Trust stands at $40.05, which is 41.6% above today’s price of $28.29. This target suggests the trust could recover significantly over the next 12 months if the downtrend reverses. The forecast implies a recovery phase after the current weakness, with the trust potentially moving back toward its 50-day average and beyond. Long-term support from the year low of $13.69 and resistance at the year high of $45.79 will define the trading range for 2025.

Final Thoughts

Grayscale Ethereum Mini Trust is experiencing a relief rally today, moving up 7.85% to $28.29 on strong volume and oversold technical conditions. The short-term bounce reflects liquidation activity and short covering rather than a fundamental shift in the downtrend. Monthly forecasts suggest the trust may face headwinds ahead, with targets pointing to $26.72, while longer-term yearly forecasts show potential recovery to $40.05. Market participants using Meyka AI’s real-time data and forecasts can track this trust’s technical setup and sentiment shifts to better understand its price direction.

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Disclaimer:

Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.