ETHFI just took a beating — and that's exactly when spot traders start watching.
$ETHFI ~$0.58 after sliding from $0.64 yesterday, a ~9% drop in a day. Day range $0.564–$0.641, volume spiking to $45M as sellers flushed out.
The setup: it bounced off $0.564 and is holding $0.58. If that low holds, the first reclaim target is $0.60, then yesterday's $0.64 high. Lose $0.564 and the dip keeps dipping.
BTC is no help here — $BTC ~$68,000, sitting on its 200-week average after a $67,568 low, with Fear & Greed at 20. ETHFI needs BTC to stop bleeding first.
Verdict: watching $0.564 closely — a hold there is the bounce setup, a break is a no-touch.
Not financial advice. DYOR.
#ETHFI #Ethereum #Crypto
$ETHFI ~$0.58 after sliding from $0.64 yesterday, a ~9% drop in a day. Day range $0.564–$0.641, volume spiking to $45M as sellers flushed out.
The setup: it bounced off $0.564 and is holding $0.58. If that low holds, the first reclaim target is $0.60, then yesterday's $0.64 high. Lose $0.564 and the dip keeps dipping.
BTC is no help here — $BTC ~$68,000, sitting on its 200-week average after a $67,568 low, with Fear & Greed at 20. ETHFI needs BTC to stop bleeding first.
Verdict: watching $0.564 closely — a hold there is the bounce setup, a break is a no-touch.
Not financial advice. DYOR.
#ETHFI #Ethereum #Crypto