Will the Rally Sustain After the Vertical Climb?
The post Will the Rally Sustain After the Vertical Climb? appeared on BitcoinEthereumNews.com.
The ETHFI price today is trading near $1.15 after a parabolic surge from sub-$0.70 levels over the past 48 hours. This sharp vertical move marked one of the most dramatic ETHFI price spikes in recent weeks, pushing the token past several resistance zones in a single stretch. While the rally has captured significant momentum, early signs of cooling off are now emerging on both intraday and daily timeframes. Looking at the 4-hour chart, ETHFI has shown strong bullish candles supported by high volume, followed by a retracement from the $1.29 top. This pullback brings the price into a consolidation range between $1.12 and $1.20, as traders digest the recent gains. The Bollinger Bands are significantly expanded, with the price retracing toward the upper band support around $1.13—indicating that volatility remains elevated. What’s Driving ETHFI Price Volatility After the Surge? On the lower timeframe charts, the latest ETHFI price action reveals that some profit-taking is underway. The Relative Strength Index (RSI) has dropped from overbought conditions (above 80) back to the 59–60 zone, signaling a cooldown. The MACD histogram has also started to contract, and the MACD line appears to be crossing below the signal line—both signs of declining bullish momentum. Meanwhile, Stochastic RSI on the 4-hour chart remains elevated (around 87), but the cross-down suggests the short-term trend may lose steam unless volume returns. The rejection near the $1.29 zone aligns with historical resistance observed in December 2024, as seen on the daily chart. This technical rejection helps explain why ETHFI price going down today after its sharp run-up. Key Support and Resistance Zones for ETHFI From a structure standpoint, ETHFI’s immediate support lies between $1.09 and $1.13. This range aligns with the mid-band of the Bollinger and the latest intraday higher low. A breach below this could trigger a…
Filed under: News - @ May 11, 2025 9:21 am