ETHFI reclaims $0.75 this week or I am wrong.
$ETHFI is at $0.7354, down 5.62% today, and the 4h chart just gave back 2.9%. Ugly tape.
But the setup isn’t dead.
Price is still above the 20d and 50d MAs, while 4h RSI sits near 49. The bigger tell is volume at only 0.3x its 20d average. This selloff has pressure, but not real panic yet. 👀
My call: $0.75 gets reclaimed before ETHFI loses the current range structure. If it reaches $0.75, I’d wait for acceptance above it instead of chasing the first wick. $ETH needs to stay firm too.
Longs are already paying 0.005% funding. That’s the risk. ⚠️
Would you enter near $0.735 or wait for a $0.75 retest? 🔥
#ETHFI #Trading #Crypto
$ETHFI is at $0.7354, down 5.62% today, and the 4h chart just gave back 2.9%. Ugly tape.
But the setup isn’t dead.
Price is still above the 20d and 50d MAs, while 4h RSI sits near 49. The bigger tell is volume at only 0.3x its 20d average. This selloff has pressure, but not real panic yet. 👀
My call: $0.75 gets reclaimed before ETHFI loses the current range structure. If it reaches $0.75, I’d wait for acceptance above it instead of chasing the first wick. $ETH needs to stay firm too.
Longs are already paying 0.005% funding. That’s the risk. ⚠️
Would you enter near $0.735 or wait for a $0.75 retest? 🔥
#ETHFI #Trading #Crypto