This is ETHFI on the daily.
It’s currently consolidating above four major support levels:
• The black line at $1.097
• The 200-day MA
• The 50-day MA
• Bollinger Band center
A golden cross is approaching, and if price pushes higher, it could confirm soon. RSI is holding strong above both the 50 level and the signal line, suggesting bullish momentum is intact.
There’s also a bullish triangle forming between the series of lower highs and the $1.097 black line. Volume is decreasing, just as expected before a breakout. While breakouts can technically go either way, my bias remains bullish here.
From a fundamental standpoint, ETHFI benefits from the rising trend of restaking staked ETH, now regulated and attracting serious institutional interest.
Holding this support and completing the golden cross could be a volatile process, especially with ETHFI’s small $424M market cap and big macro events this week (like CPI and potential tariff news) on the radar.
Always take profits and manage risk.
Interaction is welcome.
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