#ether.fi ๐ $ETHFI : Is a breakout in the works? ๐
$ETHFI is currently riding on the support of a falling wedge pattern on the daily chart. This setup is historically a bullish reversal pattern, indicating a major breakout could be on the horizon! ๐๐ฅ
What's happening?
๐น Price is respecting wedge support, showing signs of accumulation.
๐น A breakout from this level could lead to a strong 120-130% rally in the medium term.
๐น The increase in volume suggests buyers are preparing to push higher.
Key technical factors to watch out for:
โ Falling wedge resistance โ A confirmed breakout will trigger a bullish move.
โ Support Holds Strong โ As long as wedge support is intact, the upside potential remains strong.
โ Momentum Indicators โ RSI and MACD show early signs of a trend reversal.
Potential Upside Targets:
๐น First Breakout Move: +50% Profit
๐น Full Wedge Breakout: 120-130% Upside in the Medium Term
๐ If the breakout occurs, we have an explosive rally! ๐
Are you prepared for the move? Watch out for#ETHFI! ๐๐ฅ#ETHFIUSDT$ETHFI