The post ETHFI Technical Analysis Feb 3 appeared on BitcoinEthereumNews.com.

ETHFI’s 24-hour trading volume dropped to 21.89 million dollars, falling below the 7-day average; this indicates weak selling pressure in the downtrend and provides potential accumulation signals. Volume Profile and Market Participation ETHFI’s current volume profile shows that market participation is trending at low levels. The 24-hour trading volume of 21.89 million dollars remained below the 7-day average volume (approximately 28-32 million dollars range). This signals that both buyers and sellers are approaching cautiously as the downtrend continues. In the volume profile, low nodes (low-volume areas) dominate in the region where the price is consolidating at the $0.49 level; this reflects indecisive market participation before a strong support or resistance forms. For a healthy volume profile, volume is expected to increase during upward movements and decrease during downward ones. Here, however, volume remains dry during downmoves, indicating weak selling conviction. Multi-timeframe (MTF) volume analysis detects 8 strong levels across 1D/3D/1W timeframes: 1 support/2 resistance in 1D, 1S/2R in 3D, 3S/2R in 1W. These levels are supported by volume clusters, especially the $0.4290 support level, which carries a high volume score (75/100). Accumulation or Distribution? Accumulation Signals The accumulation phase is when big players quietly accumulate, providing hidden signals in volume. Although ETHFI’s RSI is at 30.18 in the oversold region, no volume increase is observed in recent declines – on the contrary, volume is decreasing. This is a classic accumulation sign: Sales remain weak while the price bases. There is potential for volume increase around $0.4290; if the price tests this level and volume stays dry, it could indicate smart money entry. The low-volume declines over the last 3 days draw a picture similar to the Wyckoff accumulation model. Distribution Risks Distribution risk becomes evident with increased selling at high-volume peaks. Currently, volume is low in the $0.5003-$0.5340 resistance zone,…

---

Filed under: News - @ February 4, 2026 12:25 am