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$ETHFI ETHFI/USDT Technical Analysis 🎯
Current Price: $1.89 (+5.46%)
24h High: $2.041
24h Low: $1.689
Trading Volume: $108.69M
Technical Overview
The ETHFI/USDT pair has shown positive momentum, with a 5.46% price increase in the last 24 hours. Strong volume activity indicates growing interest, making this an attractive option for traders. Below are three potential targets based on current trends and market depth:
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🎯 Target 1: $2.00 (Short-Term)
Reason: This level is close to the psychological resistance of $2.00, where selling pressure might emerge.
Strategy: Watch for rejection or breakout near this zone. If volume supports, it could break past.
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🎯 Target 2: $2.20 (Medium-Term)
Reason: If the price successfully breaches $2.00 with strong volume, the next resistance is expected near $2.20 based on historical data and Fibonacci levels.
Strategy: Wait for confirmation of $2.00 turning into support. Set stop-loss slightly below $1.89.
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🎯 Target 3: $2.50 (Long-Term)
Reason: In the event of sustained bullish momentum, $2.50 acts as the major resistance level and a potential profit-taking zone. This level is tied to prior highs.
Strategy: Gradually scale out of positions as price approaches $2.50. Monitor for market sentiment shifts.
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📉 Support Levels to Watch:
$1.80: Strong support zone; price has rebounded here previously.
$1.68: Key pivot; breaching this may signal further downside.
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