ETHFI Price Drops 8% Despite Foundation Buyback Program as Technical Indicators Show Mixed Signals

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• Ethfi, currently traded at $ 1.14 (-8.16% in 24 hours) • Ether.fi RSI at 48.72 shows neutral momentum despite recent volatility • Foundation buyback program offered temporary support but has not maintained a bullish momentum

What drives Ether.fi price today?

The ETHFI price continues to be confronted with downward pressure despite the recent launch of the Ether.fi Foundation’s recent return program. In the last 48 hours, Ethfi has fallen by 8.16%, fell from $ 1.26 high to test support at $ 1.12. This movement represents a continuation of the bearish sentiment that emerged after the first return-driven rally.

The $ 2.58 million return program of the foundation initially led to an increase of 9% on 9 August, which pushed the ETHFI price above the most important resistance levels to $ 1.22. However, this Bullish Momentum turned out to be short -lived, because the wider market dynamics and profitable activities led to subsequent decreases. Despite the return that offers fundamental support, the ETHFI price has fallen by 6.4% since 12 August, indicating that institutional purchasing only cannot prevent the prevailing market forces.

The current price promotion suggests that although the return program of the foundation offers a fundamental floor, technical factors and market sentiment continue to stimulate ETHFI price movements on the short-term. The 24-hour trade volume of $ 21.2 million on Binance Spot Market indicates a healthy liquidity, although the sales pressure has overwhelmed the recent purchase interest.

Ethfi Technical Analysis: Mixed signals are emerging

Ether.fi Technical analysis reveals a complex image with both bullish and bearish indicators present. The Ethfi RSI on 48.72 is located on neutral territory, which suggests that neither over -sold nor overbough’s conditions suggest. This positioning offers flexibility for price movement in both directions, making the Ethfi price sensitive to direct market catalysts.

Ether.fi’s MacD histogram shows a positive reading of 0.0016, which indicates an emerging bullish momentum despite the recent price decrease. The MACD line at 0.0176 stays above the signal line at 0.0159, which suggests that the underlying trend momentum for Ether.fi can stabilize. This divergence between price action and momentum indicators often means potential reversal options.

The advancing average structure presents a mixed outlook for technical analysis of Ethfi. While Ether.fi is traded under the 7-day SMA at $ 1.21 and 12-day EMA for $ 1.18, support above 20-day SMA maintains $ 1.13. The most important thing is that the ETHFI price remains far above 200-day SMA at $ 0.96, which confirms the Bullish trend in the longer term, remains intact.

The Bollinger bands from Ether.fi show the price trade near the middle band at $ 1.13, with a %B position of 0.5236. This positioning suggests a balanced momentum, although recent volatility has expanded the tires to create a wider trade range between $ 0.91 and $ 1.35.

Ether.fi price levels: important support and resistance

Critical Ether.fi support levels come to $ 1.12, which coincides with the recent 24-hour low and represents immediate downward protection. Below this level, Ethfi is confronted with stronger support at $ 0.90, followed by the robust support zone at $ 0.89. These levels correspond to previous consolidation areas and represent potential accumulation zones for value -visiting traders.

In addition, Ethfi resistance appears at $ 1.39, which corresponds to recent rejection levels in which the sales pressure is intensified. A decisive break above this level can focus on the stronger resistance at $ 1.41, which represents an important technical barrier that contains earlier rallies. The daily ATR of $ 0.12 suggests that the movements of this size are well within Ether. Fi’s normal volatility range.

The ETHFI/USDT trade savings shows a special sensitivity around the Pivot Point of $ 1.17, which has followed both as support and resistance during recent sessions. This level represents a critical bending point where market sentiment shifts between Bullish and Bearish bias.

Do you have to buy Ethfi now? Risk-willing analysis

On the basis of Binance Spot-Markt data, the current ETHFI price of $ 1.14 presents a complex risky scenario that varies considerably due to trading style and time frame. For swing traders, the proximity of important support levels in combination with the return program of the foundation creates a potentially attractive access point, especially if Ethfi can retain above $ 1.12.

Short-term traders must focus on the ETHFI resistance at $ 1.39 as a primary target, which represents around 22% upward potential of the current levels. However, risk management is crucial in view of the recent volatility, with stops that are recommended under $ 1.12 to limit exposure to the downward descent to the $ 0.90 support zone.

Long-term investors can find the current ETHFI price attractive, given the distance of 52 weeks high from $ 2.82, although the recent sales pressure suggests that patience may be needed for meaningful appreciation. The Foundation’s Buyback program offers fundamental support that can limit serious downward movements and at the same time build a basis for future growth.

Day traders must keep a close eye on the $ 1.17 pivot level, because fractures above or below this level often activate the momentum to the respective resistance or support zones. The neutral Ethfi RSI offers room for movement in both directions, making breakout strategies may be profitable.

Conclusion

The ETHFI price stands for a critical moment for $ 1.14, where technical indicators suggest a period of consolidation before the next directional movement. Despite the return program of the foundation that offers fundamental support, recent sales pressure indicates that market dynamics continue to influence the price promotion in the short term. Traders must keep a close eye on the support level of $ 1.12 during the next 24-48 hours, because a interruption below can speed up the movements to $ 0.90, while a bouncer could aim the $ 1.39 resistance zone. The neutral RSI and the positive MACD histogram suggest that ether.fi technical analysis prefers patience about aggressive positioning until clearer directional signals arise.

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