I was going to continue explaining the past of $ETHFI but I have to talk about it's future instead of it's past events. Let's be realistic , whether for short-term or long-term #ETHFI has surely shown signs of a trustworthy asset.
I have told you before, just on monday it was launched and listed for $5.56 and within some few hours, it dropped to a meager $3.5.
1. Then came the crypto ecosystem downturn, it maintained it's resilience.
2. Then by wednesday it was hovering around $3.5 - $4.09, immediately picking up it's pieces. When #BTC was somewhere $64k.
3. Now it has turned it's high into it's low, i.e broke the resistance easily today. Playing between $4.09 - $4.3.
But what does all this mean for it's future ? Well that is quite clear. Those holding the token are not readily selling it (even though some few may panic sell).
More and more people are believing in the project especially with it's performance compared to #BTC.
The ideal price for most holders to gain their capital let alone make a profit is around $5.4 which is far from the current price of $4.3.
So this is the case where so much demand meets so little supply at a critical point in time where investor greed index is around 77.
So the current performance speaks for itself. As well as giving us a clearer insight into it's future. I will leave it here because the writ is already too long.
