Technical Analysis for #ethfi/usdt
The current price of ETHFI/USDT is $2.30, showing recent upward momentum. The price is above the 200-day SMA on the 1-hour chart, indicating short-term bullishness, but below the 200-day SMA on the 4-hour chart, suggesting long-term bearish pressure.
The RSI is neutral, around 41.86 on the 1-hour chart and 50.91 on the 4-hour chart, indicating balanced momentum. The MACD shows short-term bearish momentum on the 1-hour chart but bullish momentum on the 4-hour chart.
Key support is at $2.20 and resistance at $2.38. A break above resistance could target $2.50, while failure to hold support might lead to a pullback towards $2.00.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading involves significant risk. Always perform your own research and consult with a financial advisor before making any trading decisions.
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