Ethereum Price Decline:
Ethereum‘s correction movement, which started below the $3,350 region, paints a negative picture in the short term. Currently, the price is trading below $3,350 and the 100-hour Simple Moving Average.

Ethereum’s price, like Bitcoin, has recently been trending below the $3,550 and $3,500 levels and continues to stay in the short-term downtrend zone. This situation led to a decline below the support level of $3,350, causing ETH to experience further drops.
Lastly, the price dropped below the $3,100 support level and saw lows such as $3,056. The price is currently consolidating these losses, but looking at the Fibonacci retracement levels, the downward trend still appears to be strong.
Resistance and Support Levels:
While Ethereum’s price is trading below the $3,350 support level and the 100-hour Simple Moving Average, the immediate resistance is around $3,280. However, surpassing the significant resistance level of $3,350 seems quite challenging at the moment.
The critical $3,420 resistance level stands as the next major hurdle for Ethereum. A large descending trend line formed near this level on the hourly chart could limit the price’s upward movements.
In light of all this data, it can be said that Ethereum is going through a difficult period in the near term and the bears are holding control. The $3,000 support region is critical for ETH and is a level that should be closely monitored.
Upside Potential and Downward Trend:
If Ethereum’s price can surpass the $3,550 resistance level, it could gain upward momentum. In this case, Ethereum could rise towards the $3,650 level.
If there is a move above the $3,650 resistance, Ethereum could experience a rapid rise towards the $3,800 resistance. Moreover, this upward trend could even prompt a test of the $4,000 level.
If Ethereum cannot surpass the $3,420 resistance, the downward movement may continue. In this case, the first support level will be around $3,050. Further losses could push the price towards the $3,000 region. And if this support is broken, a support level of $2,950🔻 is expected.

#ethreum #btcdumping #ETH #DownTrendStarting #WhaleWatchers

Ether.fi, the largest liquid restaking protocol on Ethereum, has announced plans for its upcoming airdrop of governance tokens.

The token, named ETHFI, will have a total supply of 1 billion tokens, with an initial circulating supply of 115.2 million tokens. The airdrop's first stage, entitled Season 1, will release 6% of the total token supply and covers behavior up to March 15. Season 2 will release 5% of the remaining tokens and covers behavior from March 15 to an unspecified future date. The remaining tokens will be split between investors, partnerships, core contributors, and the protocol's treasury, according to the protocol's tokenomics distribution.Ether.fi gave a variety of criteria for airdrop eligibility, including holding eETH, referring a friend to the protocol, or participating in the protocol's Early Adopter Program. "Whale wallets" will need to wait 3 months in order to claim their tokens, while smaller wallets will be able to claim instantly, according to Ether.fi's announcement.

Following the announcement, community members noticed that Justin Sun, the controversial founder of TRON, would apparently receive nearly 3.5 million tokens out of the initial 60 million token allocation following a deposit of 20,000 eth two days ago, blockchain data shows.After widespread complaints on the part of Ether.fi's community members, Ether.Fi founder Mike Silagadze announced on Discord that more tokens would be airdropped to community members, with details to follow. Silagadze also defended Sun's allocation, writing, "Just because someone came in with a huge deposit doesn't mean we are going to change the rules on them and screw them over. We appreciate Justin's support and will honor the rules of the campaign we set out."Powered by the restaking protocol EigenLayer, Ether.fi has over $3 billion in total value locked, according to crypto data platform DeFi Llama, a value over twice the size of its nearest competitor. Ether.Fi recently announced $27 million in venture funding raised, split between a SAFE and a Series A, The Block previously reported.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only.

#ETHFI #HotTrends #ETHFILAUNCHPOOL #btc.70.000✅ #ethfimining

Ether.fi (ETHFI) is a relatively new cryptocurrency project (as of March 13, 2024) focused on decentralized staking, aiming to simplify staking and potentially increase its accessibility. Here's a breakdown of its importance and current status:

Decentralized Staking:
ETHFI offers a non-custodial staking solution, meaning users retain control of their cryptocurrency while staking. This is important because it avoids the risks associated with centralized staking platforms.
Liquid Staking:
ETHFI introduces a liquid staking token (ETHFI). Unlike traditional staking, where tokens are locked for a period, ETHFI allows you to hold a token representing your staked assets. This token can be traded on exchanges or used in other DeFi applications, potentially increasing flexibility and utility for users.
Recent Launchpool on Binance:
While the Launchpool program might have concluded by now, it signifies initial interest from a major exchange. ETHFI was offered as a reward for staking other cryptocurrencies (likely BNB and FDUSD) on Binance's Launchpool platform from March 14-17, 2024.ETHFI launchpool
Price Information
Price: The price of ETHFI coin is currently listed at $0.01416 on Binance, with a market cap yet to be fully disclosed
Real-time Data: Platforms like CoinGecko and CoinMarketCap provide real-time data on ETHFI's price, volume, market capitalization, and trading trends
In summary, ETHFI coin represents an innovative approach to liquid staking within the cryptocurrency space, offering users the opportunity to participate in staking activities while potentially earning rewards through loyalty points and a future airdrop of the $ETHFI token.

#ETHFI
#binance
#HotTrends
#launchpoll
#BTC