ETHFI Price Recovers 2.8% as Ether.Fi Foundation Buyback Program Boosts Sentiment

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• ETHFI currently traded at $ 1.03 (+2.80% in 24 hours) • Ether.fi RSI at 45.11 suggests Neutral Momentum with potential over -sold bounce • Foundation announces 5% income allocation to ETHFI backkoop program using July income

What drives Ether.fi price today?

The most important catalyst that stimulates ETHFI price campaign today is the announcement by the Ether.fi Foundation of assigning 5% of July to an ETHFI recovery program. The protocol generated $ 2.58 million in July, in which the purchased tokens were used as liquidity on the chain through the lubricity vast of Arrakis Finance. This strategic step shows the dedication of the foundation to Token value structure and offers fundamental support for the ETHFI price.

The timing of this announcement is because Ethfi has recovered from recent sales pressure. In the past week, token experienced a remarkable decrease of 5.11% on July 30, with critical support levels around $ 1.05. The subsequent recovery phases, however, saw the Ethfi price on 3 August 4.37% and maintained the momentum with the profit of 2.47% on 4 August of today, followed by the current increase of 2.80%.

The launch of clicks that are driven by Enso on July 31 adds a low technical progress to Ether.fi’s ecosystem. Although this innovation is aimed at simplifying cross-chain deposits and improving the user experience, its immediate impact on the ETHFI price has been overshadowed by the more recent return announcement.

Ethfi Technical Analysis: Mixed signals are emerging

Ether.fi Technical analysis reveals a complex image with competing bullish and bearish indicators. The Ethfi RSI is currently at 45.11 and positions token on neutral territory but closer to over -sold circumstances that can favor buyers who are looking for access options.

Ether.fi’s advancing average structure presents mixed signals for traders. While the token above the critical SMA 200 is traded at $ 0.98, it remains under both the SMA 20 ($ 1.15) and EMA 26 ($ 1.10), which indicates the short -term overhead costs. The proximity of the SMA 50 by $ 1.07 suggests that Ethfi tests this key level on potential outbreak or rejection.

The MACD indicator shows Beerarish Momentum for Ethfi with a lecture of -0.0363 and a negative histogram of -0.0249. This suggests that despite today’s positive price action, the underlying momentum remains weak. The stochastic oscillator values of %K at 30.10 and %D at 26.90 support the sold -up position, which may indicate a bounce option.

Ether.fi price levels: important support and resistance

On the basis of Binance Spot market data, Ethfi is confronted with immediate resistance at $ 1.41, which matches both the strong resistance level and the upper bulb band at $ 1.40. A break above this level may indicate a return to Bullish Momentum and possibly challenge the psychological resistance of $ 1.50.

Ether.fi support levels remain well defined with immediate support at $ 0.90 that coincide with the Lower Bollinger band. This level has proven to be resilient during the recent sales pressure and represents a critical line of defense for Ethfi Bulls. Below is strong support at $ 0.79, which would probably attract considerable purchase interest if they were tested.

The current pivot point at $ 1.01 is particularly relevant because Ethfi acts just above this level at $ 1.03. Maintaining over the pivot point would be essential for constant recovery, while a breakdown could see a renewed sales pressure to the $ 0.90 support zone.

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

For aggressive traders, the current ETHFI price setup offers an interesting risk system proposition. The combination of Oversold technical circumstances and the recovery program catalyst creates potential for the short term in the short term to the $ 1.15- $ 1.20 resistance zone. Input near the current level with a stop loss under $ 0.95 offers a reasonable risk management framework.

Conservative investors can consider waiting for a deeper withdrawal to the $ 0.90 support area or a confirmed break above $ 1.15 with volume confirmation. The mixed technical signals suggest that patience can be rewarded with better access options.

Swing traders must keep a close eye on the ETHFI/USDT pair on a potential break above EMA 26 for $ 1.10, which can indicate the start of a larger recovery movement. The 24-hour trade volume of $ 14.67 million on Binance Spot offers sufficient liquidity for position management.

The daily ATR of $ 0.11 indicates moderate volatility, which makes tactical entries possible and at the same time manage the position sizes for current market conditions.

Conclusion

Ethfi prize seems to be at a critical moment with the return program of the foundation that offers fundamental support, while technical indicators remain mixed. The immediate focus must be on the question whether Ethfi can maintain $ 1.01 above the Pivot point and challenge the $ 1.10- $ 1.15 resistance zone. Traders must look for volume confirmation on any breakout attempts, while the support level of $ 0.90 is retained as an important reference point for risk management during the next 24-48 hours.

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