$ETHFI /USDT +7.65% – Short-Term Rebound or Start of Recovery?
ETHFI is trading at $1.013, up +7.65%, after bouncing from a low of $0.934 and topping at $1.023. Despite the upward move, price remains below MA(7) at $1.045, MA(25) at $1.173, and MA(99) at $1.070, indicating that this is still a relief bounce within a broader downtrend. A close above $1.045 would strengthen short-term bullish sentiment, while a breakout over $1.17 is needed to shift the mid-term outlook. Immediate resistance levels: $1.034, $1.169, and $1.305. Key supports are $0.98 and $0.934. MACD and RSI are showing signs of early recovery, but bulls need more volume and a strong close above short MAs to confirm a trend reversal. Watch $1.045 closely.