Ether.fi (ETHFI) Proceeds Northwards

The Ether.fi token has experienced a price increase of nearly 13%. As of the time of writing, the token stands as the second most profitable on the day. Furthermore, price action has rebounded off a psychological support level, suggesting that further movement may be seen in this market.

ETHFI Statistics

Current Price: $0.606

Market Capitalization: $143.14M

Circulating Supply: 236.39M ETHFI

Total Supply: 1B ETHFI

CoinMarketCap Rank: 269

Key Price Levels

Resistance: $0.750, $1.000, $1.250

Support: $0.500, $0.300, $0.100

ether.fi May See More Price Growth

The ETHFI market is trending moderately upward and appears poised for further gains. Price action has bounced off the $0.500 support level, a move that began in the previous session and has continued into the current one. As a result, the token now trades above the midline of the Bollinger Bands indicator.

Additionally, the Bollinger Bands themselves are contracting while the price continues to rise. This coincides with a convergence of the Moving Average Convergence Divergence (MACD) lines above the equilibrium level. Technically, this suggests that price action may continue to rise in upcoming sessions.

ETHFI Bulls Keep Pushing Boundaries

On the 4-hour chart, price action for Ether.fi has moved past the upper limit of the Bollinger Bands. Moreover, the price remains above and outside the Bollinger Bands, indicating strong bullish momentum. A new session has also begun above the expanded upper limit of the Bands.

Meanwhile, the MACD lines continue to rise above the equilibrium level, and the histogram bars remain solid green and above the baseline. The current session is holding above the $0.600 price level and may push toward the $0.750 resistance mark.

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