$ETHFI /USDT - Bearish Momentum Reversal, Watch for Possible Support Bounce!
ETHFI/USDT is currently experiencing a pullback, dropping from a high of $0.832 to a low of $0.381, reflecting a notable 5.7% drop in 24 hours. The price is now consolidating around $0.430 after testing the support zone at $0.420. The structure indicates a potential reversal if the price holds above the $0.420 mark. Watch for a bounce from this level for a possible rebound toward the upper range of $0.459. Be cautious of a further dip if $0.420 breaks, potentially targeting lower support at $0.381.
Trade Setup:
Entry Zone: $0.420–$0.430
TP1: $0.459
TP2: $0.500
Stop-Loss: Below $0.420
Key Notes:
DeFi sector under pressure but potential for recovery.
Strong buying volume at current levels.
Watch closely if $0.420 holds for the next move.
