The post ETHFI Price Analysis: Liquid Staking Token Tests Key Support at $1.09 appeared on BitcoinEthereumNews.com.

Caroline Bishop
Aug 30, 2025 15:25

Ether.Fi (ETHFI) trades at $1.09 with mixed signals as the liquid staking protocol faces technical headwinds despite remaining above long-term support levels.

Quick Take • ETHFI currently trading at $1.09 (+0.65% in 24h) • ETHFI RSI at 46.80 suggests neutral momentum with potential for reversal • No major news catalysts driving current price action What’s Driving Ether.Fi Price Today? The ETHFI price has shown modest resilience with a 0.65% gain in the past 24 hours, trading within a relatively tight range between $1.05 and $1.11. However, the absence of significant news events over the past week has left the liquid staking token vulnerable to broader market sentiment and technical factors. Ether.Fi’s price action reflects the current uncertainty in the liquid staking derivatives market, where tokens are consolidating after the initial excitement around Ethereum staking rewards. Without fresh catalysts, ETHFI has been primarily driven by technical trading patterns and overall cryptocurrency market momentum. The trading volume of $13.36 million on Binance spot indicates moderate interest, though this represents a relatively quiet period for the token compared to its historical peaks. ETHFI Technical Analysis: Mixed Signals Emerge Ether.Fi technical analysis reveals a complex picture with both bullish and bearish elements competing for control. The ETHFI RSI reading of 46.80 positions the token in neutral territory, neither oversold nor overbought, suggesting potential for movement in either direction based on external catalysts. The moving average structure presents a challenging environment for bulls. Ether.Fi’s current price of $1.09 sits below all short-term moving averages, with the SMA 7 at $1.12, SMA 20 at $1.16, and SMA 50 also at $1.16. This alignment suggests bearish pressure in the near term, though the token remains well above its SMA 200 at $0.95, indicating…

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Filed under: News - @ August 31, 2025 2:26 am