ETHFI is the governance token of Ether.fi, a decentralized non‑custodial liquid restaking protocol that lets users stake ETH while retaining control and earning DeFi yield via eETH.
The token currently trades around ≈ $0.60 USD with a market cap of roughly $420 million, down sharply from its all‑time high near $8.57 in 2024 (~−93%).
Recent price trends show bearish pressure, breaking below key moving averages and underperforming broader markets, though oversold signals hint at occasional short‑term bounces.
Adoption drivers include restaking integrations (e.g., EigenLayer), protocol buybacks, and governance participation, but broader DeFi weakness has weighed on sentiment.
Liquidity, token unlocks, and macro rotation into Bitcoin often dictate short‑term volatility, making ETHFI a high‑beta DeFi play.
Traders watch support near recent lows (~$0.59) and resistance near key retracement levels for signs of trend reversal.
