$ETHFI /USDT Bearish Momentum – Targeting $0.426
ETHFI has shown a significant downtrend, currently trading at $0.454, down by 5.02%. After facing rejection at the $0.479 resistance zone, the price has slipped lower, with a recent test of the $0.449 support. A breakdown below $0.449 could push the price further towards the $0.426 level, where traders may look for a potential bounce. Volume is decreasing, which suggests a lack of buying interest at the moment.
Trade Setup:
Entry Zone: Short entry below $0.449
Target 1: $0.426
Target 2: $0.381
Stop Loss: $0.479
Technical Justification: The chart shows lower highs and a sustained downtrend, with key resistance at $0.479. As the price struggles below this level, further downside seems likely. The recent sharp drop is backed by rising selling volume, adding weight to the bearish case.
Why Traders Should Act: Given the strong bearish structure and clear breakdown below $0.449, ETHFI/USDT is ripe for short opportunities. Monitor for further confirmation as price approaches the $0.426 support. A breach of $0.449 will provide traders a better entry for short positions.
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