📉 $ETHFI /USDT Coin Faces Sharp Decline: What’s Next?
In a dramatic turn of events, ETHFI coin experienced a significant drop in value. After reaching a recent high of 4.983, the price plunged to a low of 3.735, showcasing a severe correction. The 4-hour chart reveals the moving averages (MA) with the 7-day MA at 4.169, 25-day MA at 4.622, and 99-day MA at 4.754, all indicating a bearish trend.
Volume spiked to 7.43 million during this downturn, suggesting heightened trading activity and possible panic selling. The 7-day performance shows a steep decline of 14.15%, contrasting with a 30-day gain of 7.43%.
Traders should keep an eye on the next support levels and watch for any recovery signs. Volatility remains high, and market participants are advised to stay cautious. Will ETHFI bounce back, or is more downside ahead? Only time will tell.
