- ETHFI breaks past $1.00 resistance, now support, with 24h volume up 206.99% to $516M and a 36.75% daily price surge to $1.38.
- Price trades above Bollinger Bands and key MAs; A/D line and user activity support strong short term bullish trend.
- Daily active addresses rose 4 times to 395, indicating growing engagement; holding $1.30 could lead to $1.55–$1.65 targets.
ETHFI has had a sharp breakout in early May pushing its prices from below $0.50 to above $1.50. On May 14, at the time of writing, ETHFI was trading at $1.38, a 36.75% rise in the last 24 hours.
The asset has surged by 169.61% over the past week and 193.71% in the past month. This steep rally follows several months of decline and sideways movement, with the recent trend reversal now showing significant bullish momentum.
ETHFI Breaks Key Resistance Zones
After trading below major resistance for months, ETHFI broke past the $0.75–$0.80 zone in early May. The asset then flipped the $1.00 mark into a support level. Today, ETHFI reached a high of $1.504 before retreating slightly to current levels.
Volume surged alongside price, with 24 hour trading activity reaching $516.08 million, a 206.99% increase. Market cap is up to $381.39 million, up by 34.58%. The volume to market cap ratio is at 132.95%, showing the increased market activity and participation.
Technical Indicators Show Strong Trend
ETHFI is trading above key short and mid term indicators. It remains above both the 20 day and 50 day moving averages, now at $0.849. The 200 day average at $0.606 further confirms the shift from bearish levels.
Bollinger Bands show ETHFI holding above the upper band at $1.304, while the basis is at $0.740. This positioning suggests strong upward pressure.
However, the gap between price and averages implies a short term overextension. Accumulation/Distribution (A/D) also supports sustained buying, with the A/D line reaching 125.65 million ETHFI.
Network Engagement Aligns With Price Action
On-chain engagement surged notably alongside the price. Daily active addresses (DAA) increased to 395, rising from under 100 just two weeks prior. This four times increase points to rising activity and network use.
The supply metrics remain stable, with 276.96 million ETHFI in circulation out of a 1 billion maximum supply. Strong volume and growing user activity support the strength of ETHFI’s breakout, even amid short term price fluctuations.
May 15 Price Forecast Scenarios
If ETHFI holds above $1.30 with continued volume and user growth, a rally toward $1.55–$1.65 is likely. However, failure to maintain this level may lead to a correction toward $1.10–$1.20. A break below $1.00 could further weaken the trend.
