Caution Ahead : Analyzing ETHERFI Blind Bids and Market Trends

#EtherFi #EtherFi. #Write2Earn! #BinanceSquareFamily #Market_Update

The ETHERFI blind bids present a unique opportunity to track market movements overnight, but traders must exercise caution.

Engaging in this strategy carries substantial risk, as the current market environment is characterized by uncertainty regarding whether the bottom is in. The recent price action has formed a **small triangle**, indicating potential volatility.

Given the inherent risks of "knife catching," it's essential to adopt a conservative approach. Traders are advised to limit leverage to a maximum of **2x** and restrict risk to no more than **1%** of their capital.

Patience is crucial in this setup, with a focus on waiting for either a price reclaim or a deeper pullback before committing further.

Conclusion and Advice :
While blind bids can offer strategic entry points, the current market volatility warrants a cautious approach.

Advice :
Maintain strict risk management and avoid over-leveraging. Keep a close eye on price movements within the triangle formation, and be prepared to adjust your strategy based on market developments. Always conduct thorough research and be ready to reassess your position if conditions change.

Why is ether.fi (ETHFI) Price Up By 50%?

Ether.fi (ETHFI), a liquid restaking protocol on the Ethereum blockchain, has seen its native token, ETHFI, experience a remarkable 50.81% price increase in the last 24 hours.

The token is currently trading at $7.09, with a 24-hour low and high of $4.64 and $7.11, respectively. This impressive performance has propelled ETHFI’s market capitalization to $733,648,302, ranking it 121th among all cryptocurrencies.

According to oanalysist, ETHFI has broken out of an ascending channel, a bullish technical pattern that suggests the potential for further upside.

An ascending channel is formed by drawing parallel trendlines connecting the highs and lows of a price chart, with the price action contained within the channel. A breakout above the upper trendline indicates a continuation of the uptrend and can trigger increased buying pressure.

The 4-hour chart Relative Strength Index (RSI) for ETHFI currently stands at 80. The RSI is a momentum oscillator that measures the speed and change of price movements, with readings ranging from 0 to 100.
reading above 70 suggests that an asset is overbought and may be due for a correction or consolidation. However, in strong uptrends, an RSI above 70 can persist for extended periods, indicating sustained bullish momentum if market stable than investor may book more profits,
so stay tuned.
#EtherFi. #BTC #ETHFI⁩ #HotTrends #Write2Erarn

What is $ETHFI ❓

Ether.Fi is a fundamentally new staking protocol for Ethereum. Ether.Fi allows participants to retain control of their keys while degating staking.

Deposits to Ether.Fi are natively re-staked with Eigenlayer. Eigenlayer repurposes staked ETH to support external systems (e.g., rollups, oracles) with an economic security layer, which increases yield for ETH stakers in the process.

$ETHFI is the native utility and governance token for the Ether.Fi protocol. It is used by the community to govern key aspects of the protocol, including:

- The Ether.Fi treasury
- Key protocol upgrades
- Protocol fees and distributions

#EtherFi. #HotTrends

$BTC .....HERE CRYPTO AIRDROP 🪂
COST: $0.00 ✅
Potential: $250 -$7800
TIME: 1.5 Minutes - $2.3 Minutes 🥷
Estimated Value - $1.3 per 0.1 HOT and above $10 for 1 HOT ( check third picture, this price can as well be 100% wrong after listing )
Here wallet is a self custodial wallet for NEAR ($NEAR ) protocol
If you can mine over 350 HOT and when it gets listed , it lists at $5 or above , you will have over $1500 worth HOT, so do well to start farming as much as you can.
Remember, if you start , stay consistent
Here is a step by Step Guide:
The HOT Mining is taking place on Telegr*m , so
Make sure you have it installed on your phone or computer
STEP ONE:
Register or HOT with the link in the pinned comment, you can tap and hold for 2-3 seconds to enable you copy the link , Doing this should take you 5 - 10seconds
STEP TWO:
Tap the start button or text you can see and this would automatically open the NEAR Wallet Bot in Telegr*m , follow the bot instructions to create a new NEAR wallet
STEP THREE:
Enter the App, and look for the storage as you can see on the first picture , tap on the “CLAIM “ whenever the storage is full , in the last picture , my storage is not yet full , so I cannot claim yet.
To continue claiming Tap the claim button and collect your HOT tokens and clear the storage box.
You can also deposit NEAR to upgrade your storage or fireplace using $HOT
Remember this not a financial advice and as you go ahead to do this , do your very best to be consistent so you can accumulate a lot of $HOT coins
Link to get started is pinned below ⬇️ , and if you need a video guide , you will find one in the comment section 🤐
pro tips
1. join village asap
2. invite as many friends you can
3.Be active and patient
4. Complete easy missions to level up
#Write2Earn #EtherFi. #sol #HotTrends
#BTC‬ $NEAR $ETH

🚨🚨🟢 249,997 #ETHFI ($1.53M) transferred from #Binance to unknown

$ETHFI #EtherFi.

Finally, $ETHFI is in new territory, it reached its ATH earlier than expected (at least it surprised me!)

I regret not immortalizing the chart from the previous post on TradingView, so we could see step by step how it broke the psychological limit of its launch price (remember when #ETHFI was listed on Binance?). In other LocademiaCripto posts about this project, we've talked about this!

Going back to the price of #EtherFi. , now we need to see how it accumulates around this range, so it stops being a ceiling and becomes a floor! What do you say? Are we still flying? Or do we consolidate for a while?

Good News 🗞️ 🚀 😇
SEC Request Final S-1 Submission for Ether ETF Launch ...

According to Bloomberg Analyst Eric Balchunas, the SEC has directed issuers to submit their final S-1 filings by July 16 , with the aim of launching the new Ether funds on July 23 🟢⬆️

$ETH $ETHFI 🚀

#ETHETFsApproved #ETH🔥🔥🔥🔥 #EtherFi. #EtheruemETF

#ETHFI
Predicting price shifts, particularly with #EtherFi. coin in volatile pump-and-dump scenarios, is futile. Caution is essential in navigating such unpredictable financial landscapes. Additionally, it's likely that investors and project owners hold a significant portion of coins, selling them for profits to reinvest in Ethereum and Bitcoin.

**ETHFI Future Long Thoughts:**

📌 **Type:** Short

**Entry Prices:**
⛔ 6.24
⛔ 6.28

📌 **Target Prices:**
🎯 6.14
🎯 6.10
🎯 6.04
🎯 6.00
🎯 5.95
🎯 5.85
🎯 5.65

📌 **Stop Loss:**
📉 6.450

📌 **Leverage:** 10X-20X

📌 **Maximum Fund Use:** 5% (max)

📌 **Published by:** AJ GHAM YAR

📌 **Join the Club:** DM on Instagram
- Insta ID: crypto_surgent

📌 **Reminder:** Cryptocurrency investment is risky. Only invest what you can afford to lose.

📌 **Have a good day! 😊**#EtherFi.