ETHFI is nearing a breakout at $1.90 amid a bullish flag and increasing trading volume 🔘📈
🔘 The price of ETHFI has risen 6.21% to $1.28, maintaining a bullish flag pattern since May.
🔘 Stable trading volume and higher support levels since April are supporting momentum towards a potential breakout at $1.90.
🔘 The circulating supply ratio is 42.1%, and strong daily trading volume reaches $156.69 million.
Ether.Fi (ETHFI) has entered a critical technical phase after a long consolidation within a classic bullish flag pattern, indicating the potential for a strong breakout in the near future 🚀. Technical analysis confirms that breaking this pattern could push the price up by more than 50% towards the target of $1.90 🔥.
🔘 The bullish pattern has been ongoing for over 3 months, with upper resistance being tested and increasing buying pressure.
🔘 Trading volume is relatively stable, which is a positive indicator ahead of a major breakout.
🔘 The price is moving within a narrow range while forming higher lows since April, reinforcing the strength of the upward trend.
In terms of trading activity, the coin has seen a sharp price increase in the last 24 hours from $1.22 to $1.28, confirming increasing demand and strong buying momentum 📊.
If the price successfully surpasses the resistance of the bullish pattern, it will open the door for a strong upward wave with a price target of $1.90, which would signal a continuation of the bullish trend.
