Here's an analysis of $ETHFI

Asked by one of the person in the comment

$ETHFI is a native liquid restaking protocol.

TECHNICAL:

- On its last Support level

- Forming Bullish Falling Wedge

FUNDAMENTALS:

- Backed by Big VC's (Including ConsenSys {Tier 1} & 28 More)

- Tier 1,2,3,4 VC's & Angel Investors are backers

- Transparent Team

- Raised $27M is February

- No token unlock before 226 days

- Layer Zero Ecosystem

- Mid Cap ($287M)

- Lowest community allocation but highest investor allocation, focusing on investor incentives

- * The ether.fi Foundation transfered ETHFI tokens to separate multi-signature wallets to better isolate funds and increase

transparency.

- * Also sets up the strategy to allocate up to 50% of monthly

protocol revenues toward buying back ETHFI tokens.

- The above two development news can have a positive

impact on price action

- Have a potential for long-run

Conclusion:

- Good to add to your portfolio only for long-run

- Long Term Price: $32-$50

- You can add, if it breaks out towards upside & closes daily

candle for swing trade

- Crypto Market is Uncertain right now due to WWIII fear

- Wait for strong pullback of $BTC in order to accumulate any

Altcoin

- Lastly, DYOR before buying!

NFA