ETHFI is trading at $1.10, demonstrating optimism despite recent volatility. Unlike other altcoins that experience linear declines, ETHFI's movement has been sideways with more pronounced fluctuations.
The Ichimoku Cloud currently shows bullish momentum, suggesting that the support at $1.09 could hold. A rebound from this level could push ETHFI upward. If the movement continues, the altcoin could rise towards $1.21, surpassing recent consolidation and marking a stronger phase for short-term trading activity.
If ETHFI fails to maintain its support, the price could drop below $1.04, increasing the likelihood of testing lower thresholds. A break from there could push the asset below $1. Such a decline would establish weaker technical levels, challenging the recent bullish pattern observed in the charts.