FETH Stock Summary and Trading Ideas (Fidelity Ethereum Fidelity Ethereum | BATS:FETH)

The Fidelity Ethereum Fund (the "Trust") is an exchange-traded product that issues shares of beneficial interest (the "Shares") that trade on the Cboe BZX Exchange, Inc. (the "Exchange"). The Trust's investment objective is to seek to track the performance of ether, the native token of the Ethereum blockchain, as measured by the performance of the Fidelity Ethereum Reference Rate (the "Index"), adjusted for the Trust's expenses and other liabilities. The Index is constructed using ether price feeds from eligible ether spot markets and a volume-weighted median price ("VWMP") methodology, calculated every 15 seconds based on VWMP spot market data over rolling sixty-minute increments. The Index is designed to reflect the performance of ether in U.S. dollars. In seeking to achieve its investment objective, the Trust will hold ether and will value its Shares daily based on the same methodology used to calculate the Index.

Fidelity Ethereum Fidelity Ethereum trades on the BATS stock market under the symbol FETH.

As of December 13, 2024, FETH stock price climbed to $39.26 with 1,731,071 million shares trading.

FETH has a beta of 2.49, meaning it tends to be more sensitive to market movements. FETH has a correlation of 0.38 to the broad based SPY ETF.

FETH has a market cap of $1.59 billion. This is considered a Small Cap stock.

FETH support price is $37.29 and resistance is $40.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FETH shares will trade within this expected range on the day.