$ETHFI "ETHFI's Momentum Builds: Is a Major Breakout on the Horizon?"

ETHFI/USDT is currently trading at 1.74, with a increase of +8.66%. The price is above the 200-period moving average (MA) of 1.43, indicating a bullish medium-term trend, while the VWAP (Volume Weighted Average Price) is at 1.876, showing that the price is holding steady near recent volume averages. Key indicators such as the RSI (Relative Strength Index) are at 69.78, approaching overbought territory but still in neutral, suggesting some upward momentum.

However, a short-term pullback could occur if the RSI reaches overbought levels. Meanwhile, the MACD (Moving Average Convergence Divergence) reflects positive momentum, with the MACD line (0.011) above the signal line (0.044) and a histogram reading of 0.033, supporting the current uptrend.

In terms of support and resistance, immediate resistance is at 1.748, which could act as a short-term barrier, while major resistance is at 2.000, representing a psychological level and a potential target if the uptrend continues. On the downside, immediate support is at 1.600, a level that has previously acted as support, and further support is at 1.500, closely aligning with the 200-period MA and offering stronger support in the event of a deeper correction.