$ETHFI 🔥🔥ETHFI bounces from a $0.64 low on high volume… Is a breakout above $0.72 the start of a rally?🔥🔥
Technical analysis:
ETHFI/USDT is trading at $0.6749, up +4.46%**, after volatile trading between **$0.6460 and $0.7197 over 24 hours.
The 4-hour chart shows a double-bottom scenario with whale buying:
It plunged from $0.71 to $0.59 on the 14th on record volume, then rebounded strongly to $0.71 on the 16th. On the 18th, it repeated the same pattern: dropping to $0.6380, then a massive candle on 297.12K volume pushed it back to $0.72. It is now in a second accumulation phase.
Despite the negative performance, the 180-day figure is up +46.40% and the 90-day figure is up +48.66%. However, the 30-day figure is down -6.26% and the 7-day figure is down -9.46%—short-term pressure, but a clear bottom has formed.
Key levels:
• Critical support: $0.6460, then $0.6380
• Resistance: $0.7197, then $0.72
Trading plan:
• Type: Quick rebound
• Entry: $0.660 - $0.670
• Stop-loss: 4-hour close below $0.630
• Targets: $0.7197 / $0.75 / $0.80
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