The $ETHFI /USDT trading chart on Binance highlights a strong bullish move, with ETHFI currently priced at 1.302 USDT (Rs369.07) after gaining 22.02% within 24 hours. The price action shows a clear breakout, as the 24-hour range stretched between 1.035 USDT (low) and 1.312 USDT (high), suggesting increased volatility and buyer dominance in the market. The trading volume further supports this rally, with 41.83M ETHFI and 49.68M USDT exchanged, reflecting strong investor interest and liquidity.
From a technical perspective, the moving averages reinforce the bullish sentiment. The MA(7) at 1.232, MA(25) at 1.122, and MA(99) at 1.100 show a favorable alignment, with the shorter-term averages trending above the longer ones, signaling sustained upward momentum. The candlestick formation displays a sharp upward trajectory, consistent with strong buying pressure. If this momentum continues, ETHFI may attempt to establish support near the 1.25–1.30 USDT zone, while resistance could emerge around the 1.35 USDT level. However, a correction towards the MA(25) near 1.12 USDT remains possible if profit-taking intensifies.