【Watch Down】
ETHFI is currently quoted at 0.6600; it has fallen 9.33% over the past 24 hours. It is still up 10.53% over 7 days. The intraday range is 0.6345–0.7291, with a volatility of 14.9%.
【Market Snapshot】
After dropping 9.33% in the last 24 hours, ETHFI failed to hold above 0.7291, and the near-term focus remains shifting downward.
There are still no signs of the short-term weakness turning around; selling pressure continues to be released.
Meanwhile, the broader market is down 2.45% over the same period, but ETHFI fell 9.33%, underperforming the market average.
Near term, the bias is bearish.
【Bearish Rationale】
It has slid from 0.7291 down toward around 0.6600, and the short-term focus is still moving lower.
The focus below 0.7291 continues to shift downward, and there is still no sign of meaningful support taking hold in the near term.
The risk is that after an oversold move, a technical rebound could happen at any time, so any short position should set a proper stop-loss.
If 0.6345 is broken, it will likely continue lower to find support; there is also heavier resistance if it rebounds toward the 0.7291 area.
$ETHFI #ETHFI
ETHFI is currently quoted at 0.6600; it has fallen 9.33% over the past 24 hours. It is still up 10.53% over 7 days. The intraday range is 0.6345–0.7291, with a volatility of 14.9%.
【Market Snapshot】
After dropping 9.33% in the last 24 hours, ETHFI failed to hold above 0.7291, and the near-term focus remains shifting downward.
There are still no signs of the short-term weakness turning around; selling pressure continues to be released.
Meanwhile, the broader market is down 2.45% over the same period, but ETHFI fell 9.33%, underperforming the market average.
Near term, the bias is bearish.
【Bearish Rationale】
It has slid from 0.7291 down toward around 0.6600, and the short-term focus is still moving lower.
The focus below 0.7291 continues to shift downward, and there is still no sign of meaningful support taking hold in the near term.
The risk is that after an oversold move, a technical rebound could happen at any time, so any short position should set a proper stop-loss.
If 0.6345 is broken, it will likely continue lower to find support; there is also heavier resistance if it rebounds toward the 0.7291 area.
$ETHFI #ETHFI
