ETHFI/USDT Ready to Capture the Liquidity Above? ETHFI Analysis 💎Paradisers, brace yourselves for a captivating shift in the #ETHFIUSDT market, hinting at a potential bullish surge from its current position.
💎Following a recent pushback from a strong supply zone, #Ether.fi has navigated through buy-side liquidity. This preparation might lead to a temporary dip before a robust rebound from the critical bullish support zone at $3.73. If CRYPTOCAP:ETHFI musters sufficient bullish momentum, we could witness a vigorous challenge to the upper supply zone, potentially surpassing it.
💎However, if #ETHFI struggles to hold its position within this key support zone, we might need to swiftly adjust our strategy. Plan B would then be activated, shifting our focus to a bullish engagement from a lower demand zone at $3.0. This juncture is pivotal—if CRYPTOCAP:ETHFI breaches this level, it may signal the onset of a bearish trend.
💎Stay focused and adaptable, Paradisers. Your ParadiseTeam is vigilantly monitoring the market and ready to steer you through the unfolding dynamics of the #Ether.fi market.
ETHFIUSDT
Short Analysis on ETHFI: Bullish Momentum AheadBuy ETHFI Target: 8
The technical analysis indicates a bullish outlook for ETHFI, suggesting a potential rise to the target price of 8.
it is advisable to consider buying ETHFI at current levels, aiming for the target price of 8. Always remember to set appropriate stop-loss orders to manage risk effectively.
Feel free to adjust the analysis according to the latest market conditions and your trading strategy.
ETHFI looks bullishIt looks like we have three big ABC waves on the chart.
Wave B has started from where we placed the red arrow on the chart. Wave B looks like a triangle and now it looks like we are at the end of wave d of B.
After the completion of wave e of D, we can see the rising movements of the big C wave.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETHFI price clearly repeats the movement of BTC from rpreviousDuring the 2nd half of April, CRYPTOCAP:ETHFI buyers or its MMs tried to keep the price above $3.20 - not allowing it to update the lows.
↪️ On the one hand, it looks like a sign of "strength"
↩️ On the other hand, don't be too surprised if the price of $ETH.FI drops sharply to $3.11 or even $2.88 (too many "tasty stops" are hidden below $3.20 and can be hunted).
You can even place pending limit orders to buy here and feel a little bit like MM :)
In general, the #ETHFIUSDT chart is very similar to the #BTCUSDT price movement during 2021, and we copied the blue fractal from this period for clarity.
That is, the bottom is somewhere close and there should be good growth ahead.
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ETHFI, correction done, time for a GOOD RISE.ETHFI did the usual parabolic trim after reaching a peak of 8.0 +, then went on a good correction following the market's downtrend.
Today, based on recent long term data metrics, ETHFI is exhibiting a 'shifting' behavior. We maybe seeing a short squeeze soon (strong UPSIDE move) being developed around the current range.
Price is already at the heatzone / breakout point area and momentum is building up on this range.
Safe to seed now at this range.
Spotted at 3.50
TAYOR.
ETHFI ANALYSIS🔮 #ETHFI Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #ETHFI and perfectly retests the level. It's a 12hr time frame breakout and we will see more higher price in long-term.
💸Current Price -- $4.406
📈Target Price -- $8.092
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETHFI #Cryptocurrency #Breakout #DYOR