$ETHFI on the Verge of a Breakout: Can It Smash $1.60? 🚀

ETHFI is showing signs of recovery, currently trading at $1.536, up 4.99%. Here’s the key technical overview:

1. Moving Averages (MA)

• The 7-hour MA (yellow line) at $1.534 is acting as immediate support, indicating strong momentum.

• The 25-hour MA (pink line) at $1.503 confirms upward strength, while the 99-hour MA (purple line) at $1.597 is the next major hurdle for ETHFI.

2. Volume Analysis

• Volume is consistent with a steady uptrend, showing increasing interest after bouncing from the 24-hour low of $1.419.

3. Key Levels to Watch

• Resistance: The 24-hour high of $1.552 and the 99-hour MA at $1.597 are critical resistance levels. A break above could set ETHFI on course to reclaim $1.60.

• Support: Immediate support lies at $1.534 (7-hour MA). If breached, the next level to watch is $1.503 (25-hour MA).

4. Trend Analysis

• ETHFI is gaining strength, supported by bullish moving averages and increasing buying pressure. Momentum needs to continue to challenge the resistance at $1.60.

Trading Strategy

• For Buyers: Look for a breakout above $1.552 and target $1.60. Use $1.534 as a stop-loss level to protect gains.

• For Sellers: Monitor for rejection at $1.552 or a break below $1.534 to target $1.503 for potential downside.

ETHFI is at a critical juncture—will it power through $1.60 or face resistance? Stay tuned! 📊📈

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