EthereumFi (ETHFI) Daily Analysis

- $ETH price increased by 6.14% to $1.56 today.

- ETHFI showed a slight upward move from a key support zone.

- Technical indicators show a resistance zone around $2.50 - $3.00 and a support zone around $1.42 - $1.43.

- A downward trend line since April indicates that ETHFI is still in a downward trend.

- Recent price movements show a consolidation pattern near support, which could be preparing for a breakout.

- If ETHFI breaks up from the trend line, it may rise to $4.00.

- If it fails to break the trend line, the price may return to the $1.42 - $1.43 support zone.

- Holding this level will present another buying opportunity, while falling below will signal further weakness.

- Trade waiting for confirmation of a breakout or rejection.

- Consolidation near support could result in a sharp move, so be prepared for volatility!

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