🟢🟢🟢 Brief analysis of the ETHFI chart 🟢🟢🟢
ETHFI/USDT chart
The ETHFI/USDT chart shows that the price is facing resistance but also finding support in the range of $4.27 - $5.23. 🟢
Resistance and support:
Current resistance level: ~$5.23
Support level: ~$4.27
Trend line:
A downward trend line is visible, which can serve as significant resistance on the way up. 📉
Indicator:
Moving averages (MAs) show mixed signals, with short-term MAs indicating a downtrend and longer-term MAs starting to reverse.
Accumulation zone:
Accumulation is observed in the range of $4.27 - $4.80, which confirms the interest of buyers in this range. 📊
Action plan:
Short term traders:
You can consider opening long positions when the level of $5.23 is broken with a target of $5.50 - $6.00.
For short positions, watch for a breakdown of the $4.27 level downwards with targets of $4.00 and below.
Long-term investors:
Stay in the accumulation zone and add positions when the price declines in the range of $4.27 - $4.80.
ETHFI developer activity:
Ether.fi Governance:
The project is managed by a DAO, which ensures transparency and community participation in decision making. 🚀
Reports on the activities of the fund and the development of the Ether.fi Governance protocol are regularly published.
Airdrop and rewards:
The airdrop program is actively being carried out for users and project participants, stimulating the growth and development of the Airdrop Season 1 community.
The general trend and technical indicators show mixed signals. Traders are advised to monitor key support and resistance levels, and investors are advised to take into account the activity of developers and the long-term prospects of the project. 📝💡📈
