Crypto ETFs Are Back To Bullish Mode

Gregor Horvat Wavetraders Tue May 13, 3:54AM CDT
bitcoin ethereum ripple crypto by WorldSpectrum via Pixabay

ETFs Grayscale Bitcoin Investment Trust (GBTC) and Grayscale Etherem Investment Trust (ETHE) are still good and look quite bullish, especially ETHE due to current ALTcoin dominance. 

GBTC made a higher degree wave 4 correction, and it can now be pointing to 100 - 130 area for the final 5th wave of a five-wave bullish impulse from 2022 lows.

GBTC Daily Chart
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ETHE can be trading in a third, higher degree leg after recent bullish setup formation with five waves up, followed by an ABC flat correction, so we may easily see more upside.

ETHE Daily Chart
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Well, these are clearly bullish patterns, so seems like Crypto market has space for more gains this year, just watch out on short-term pullbacks.

For a detailed view of the Crypto market and more analysis like these, you may want to watch below our latest recording of a live webinar streamed on May 12 2025:

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