ETHFI/USDT Breaks Above 200 MA, Eyeing $2.00 Resistance
$ETHFI

200-Period Moving Average (MA): The price is currently above the 200-period MA of $1.397, which indicates a bullish trend in the medium-term, suggesting renewed buyer interest.

RSI (Relative Strength Index): The RSI is at 66.10, which is moving towards overbought territory, indicating strong momentum. While bullish, caution is advised as a higher RSI may lead to a pullback or consolidation.

MACD (Moving Average Convergence Divergence):

MACD Line: 0.044Signal Line: 0.042Histogram: Positive, indicating continued upward momentum. The MACD line is above the signal line, which reinforces the bullish sentiment.

Bullish Scenario: If ETHFI/USDT manages to break above the $2.00 level, the next resistance at $2.10 could quickly come into play.Bearish Scenario: If the price faces rejection at the resistance and loses momentum, it may retrace to the $1.70 support level or even lower to $1.50, which could be an opportunity for further buying interest.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research before making trading decisions.

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