#ETH_ETFs_Approval_Predictions
### ETHFI/USDT Technical Analysis â July 9, 2024
- ETHFI shows short-term bullish potential but faces long-term resistance. Traders should watch for breaks above resistance or drops to support.
- **Price Movement**:
 - Current Price: 2.203USDT (+14.67%)
 - Recent Low: 1.710 USDT
 - Recent High: 3.415 USDT
 - Change Over Period: -31.912% from recent high
- **Moving Averages**:
 - MA(7): 2.069 USDT (Short-term)
 - MA(25): 1.932 USDT (Mid-term)
 - MA(99): 2.745 USDT (Long-term)
- **Volume Analysis**:
 - Current Volume: 4,310,043.4
 - Recent Spike: Indicates increased trading activity
- **Resistance and Support**:
 - Resistance Level: 2.745 USDT (MA(99))
 - Support Level: 1.710 USDT (Recent low)
- **Technical Outlook**:
 - Short-term: Bullish (above MA(7) and MA(25))
 - Long-term: Bearish (below MA(99))
 $ETHFI
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