⚓️ #ETHFI ( $ETHFI ), is forming a clear bullish flag pattern on 4-hour charts: first a rapid upward movement creating the 'pole', then a slightly descending parallel consolidation area. The price is currently approaching the upper line of the flag. If this line is broken, a continuation move supported by volume may occur.

📈 Technical Strategy

If the breakout occurs, the price is expected to rise by the height of the flag. This would indicate a new upward momentum by exceeding the target level above the yellow line.

Volume is strong at the bull's pole, remained low at the flag; an increase in volume along with the breakout will confirm the breakout.

Stop-loss should be placed just below the support under the flag; this is critical for risk management.

🌐 What is ETHFI?

ETHFI, the native token of https://t.co/W8LY8fnFGc, is a decentralized, non-custodial liquid staking/protocol management token developed to facilitate Ethereum staking.

✍️ Max supply is 1 billion, with approximately 330 million in circulation. The platform allows users to receive eETH while staking their ETH, use it in DeFi, and participate in governance.

✍️ https://t.co/W8LY8fnFGc offers a restaking feature integrated with EigenLayer; this allows users to earn rewards from both staking and restaking.

✍️ ETHFI is also designed for the use of liquid staking tokens, governance, and staking & transaction fees.

‼️ This is not investment advice.

#ETHFI #DeFi