ETHFI Analysis:

The price is currently attempting to break through a strong resistance area. This area is considered a "no trade" zone, where we wait for a clear breakout and a hold above the resistance level before making any new entries.

For the risk-takers, a short position can be opened with a tight stop-loss at the $1.30 level.

Main resistance area: between $1.16 and $1.23.

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