ETHFI currently shows a clear bullish breakout pattern. The price is around 0.816, steadily above the 7-hour, 25-hour, and 99-hour moving averages( at approximately 0.801, 0.797, and 0.778), respectively, indicating a generally bullish structure.
The key point to watch is whether it can effectively break through the recent high zone of 0.832-0.84—once confirmed, there is potential to test the target zone of 0.86-0.88. Conversely, if a pullback occurs, the first support levels are at 0.801-0.795, with stronger support near the 99-hour moving average at 0.778.
Trading volume significantly increased during the breakout, which is a positive signal. However, to sustain this upward momentum, continued buying interest is essential, especially for the price to hold above the 7-hour moving average.
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BTCRetirementFund
· 01-09 14:11
0.832 can't be broken, it's all just empty talk. Let's see if this wave can hold steady.
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LadderToolGuy
· 01-09 05:46
Whether the break holds or not depends on these few days. The 0.84 level is holding tightly. Can the trading volume support it?
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FreeMinter
· 01-07 11:50
Breaking through the 0.84 barrier feels great once it's done, but if you can't break it, you'll have to retest... The current volume is pretty good, but I'm just worried retail investors might fall behind later on.
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MevHunter
· 01-06 15:57
Well, the increase in trading volume is indeed interesting, but I'm just worried it might not keep up later on.
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Breaking through 0.832 is necessary before we can say anything; right now, it's still just a paper bullish signal.
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Holding the seven-hour moving average is the key; otherwise, it's just another false alarm.
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Every time, they say there's hope to test higher levels. Why am I still trapped?
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If this wave can break through 0.84, then 0.88 is still possible, but I bet it will test support later.
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The increase in trading volume is a good sign, but why does it still feel like buying power isn't strong enough?
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It's another technical analysis with "if... then..." statements; it sounds like a made-up story.
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rugpull_survivor
· 01-06 15:51
Breaking through this 0.84 barrier would really take off, but I'm not too optimistic yet; it depends on whether the buying pressure follows through.
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AirdropSweaterFan
· 01-06 15:47
Is the 0.84 barrier really unbreakable? I feel like I'm always stuck here.
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GweiWatcher
· 01-06 15:38
Break through 0.84 and directly push to 0.88. The trading volume looks pretty good this wave, but the key is still to hold the 0.8 level.
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MetadataExplorer
· 01-06 15:32
0.832 feels like it can't break through, so I think I need to grind a bit more. The trading volume has been released, but whether the follow-up can sustain the momentum is the key.
ETHFI currently shows a clear bullish breakout pattern. The price is around 0.816, steadily above the 7-hour, 25-hour, and 99-hour moving averages( at approximately 0.801, 0.797, and 0.778), respectively, indicating a generally bullish structure.
The key point to watch is whether it can effectively break through the recent high zone of 0.832-0.84—once confirmed, there is potential to test the target zone of 0.86-0.88. Conversely, if a pullback occurs, the first support levels are at 0.801-0.795, with stronger support near the 99-hour moving average at 0.778.
Trading volume significantly increased during the breakout, which is a positive signal. However, to sustain this upward momentum, continued buying interest is essential, especially for the price to hold above the 7-hour moving average.