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$ETHFI /𝐔𝐒𝐃𝐓 𝐁𝐞𝐚𝐫𝐢𝐬𝐡 𝐑𝐞𝐯𝐞𝐫𝐬𝐚𝐥 – 𝐌𝐚𝐣𝐨𝐫 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧 𝐀𝐥𝐞𝐫𝐭 🔥
$ETHFI has witnessed a significant decline, dropping from a high of $0.832 to a current price of $0.468, marking a -9.30% loss. The price action shows consistent lower highs and a recent dip to the $0.462 low, signaling increasing bearish momentum. Volume has been substantial with over 5M ETHFI traded, suggesting strong market participation. A break below the $0.462 level could accelerate the downside towards $0.426, potentially targeting a retest of the key support at $0.381. Traders should be cautious and monitor for any retracement opportunities.
Key Levels to Watch:
Immediate Resistance: $0.507
Breakdown Target 1: $0.426
Breakdown Target 2: $0.381
Support Zone: $0.462
Trade Strategy: If $0.462 is breached, enter short positions with tight stops just above recent highs, aiming for targets around $0.426 and $0.381. If price holds above $0.468, a potential reversal could unfold.
#ETHFI