The post ETHFI Price Holds Above $1 Despite 4.4% Drop as Foundation Buyback Program Provides Support appeared on BitcoinEthereumNews.com.

Jessie A Ellis
Aug 10, 2025 11:11

ETHFI trades at $1.18 after a 4.39% decline, but Ether.Fi Foundation’s buyback program and strong technical indicators suggest potential recovery ahead.

Quick Take • ETHFI currently trading at $1.18 (-4.39% in 24h) • Ether.Fi’s RSI at 53.79 indicates neutral momentum with room for upward movement • Foundation’s $129,000 buyback program announcement provides fundamental support What’s Driving Ether.Fi Price Today? Despite today’s 4.39% decline, ETHFI price has shown remarkable resilience over the past week thanks to several positive catalysts. The most significant development came on August 6 when the Ether.Fi Foundation announced a strategic buyback program, allocating 5% of July’s $2.58 million revenue—approximately $129,000—to repurchase ETHFI tokens. This initiative immediately sparked a 2.8% price recovery and continues to provide underlying support for the token. The buyback program represents more than just short-term price support; it demonstrates the Foundation’s confidence in Ether.Fi’s long-term value proposition and commitment to token holders. Revenue-based buybacks create a sustainable mechanism for reducing circulating supply while the protocol generates cash flow. Earlier in the week, ETHFI price surged 7% following its listing on Paribu Box, a platform dedicated to early-stage cryptocurrency projects. This listing enhanced Ether.Fi’s credibility and provided access to a broader investor base, contributing to increased trading volume and price appreciation. Notably, ETHFI demonstrated strong resilience on August 4 when it recovered 2.47% despite facing significant selling pressure from a whale who liquidated 3,459 ETH worth approximately $12.58 million. This quick recovery signals healthy market confidence and suggests that institutional selling pressure is being absorbed by strong demand. ETHFI Technical Analysis: Mixed Signals Point to Consolidation The current Ether.Fi technical analysis reveals a market in consolidation with several encouraging signals for potential upside. ETHFI’s RSI sits at 53.79, placing it…

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Filed under: News - @ August 10, 2025 1:30 pm