$ETHFI is attempting to reclaim short-term structure after a prolonged downtrend. Price is currently trading above the 7-day and 30-day moving averages (0.4705 and 0.4874), suggesting early momentum shifting from bearish to neutral. The recent low near 0.3897 acted as a liquidity sweep, and buyers have since stepped in to push price toward the 0.51 resistance zone.
Where Buyers Are Active
Demand is visible around the 0.48–0.49 range, where the MA(7) and MA(30) converge. This zone previously acted as resistance and is now being tested as support. Buyers are defending this area, aiming to flip it into a launchpad for further upside.
What Confirms the Move
· MACD just crossed positive (0.0113), indicating a shift in momentum.
· RSI(14) at 52.38 shows room to run before hitting overbought levels.
· A daily close above 0.51 with volume would confirm the breakout from the recent consolidation range.
Invalidation
If price loses the 0.47 support (MA7) and prints a lower low, this structure fails. That would signal the move was a bear trap or fakeout, and sellers remain in control.
Idea: Watch for a clean retest of 0.49–0.50 as support. If confirmed with volume, a move toward 0.55–0.60 becomes viable.
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