ETHFI Price Prediction for May 12: Will the Rally Sustain After the Vertical Climb?
The ETHFI price today is trading near $1.15 after a parabolic surge from sub-$0.70 levels over the past 48 hours. This sharp vertical move marked one of the most dramatic ETHFI price spikes in recent weeks, pushing the token past several resistance zones in a single stretch. While the rally has captured significant momentum, early signs of cooling off are now emerging on both intraday and daily timeframes.
Looking at the 4-hour chart, ETHFI has shown strong bullish candles supported by high volume, followed by a retracement from the $1.29 top. This pullback brings the price into a consolidation range between $1.12 and $1.20, as traders digest the recent gains. The Bollinger Bands are significantly expanded, with the price retracing toward the upper band support around $1.13—indicating that volatility remains elevated.
What’s Driving ETHFI Price Volatility After the Surge?
On the lower timeframe charts, the latest ETHFI price action reveals that some profit-taking is underway. The Relative Strength Index (RSI) has dropped from overbought conditions (above 80) back to the 5…
The post ETHFI Price Prediction for May 12: Will the Rally Sustain After the Vertical Climb? appeared first on Coin Edition.
Read More
If Ethereum Can’t Break the $4,100 Resistance, How Deep Will This Correction Go?
ETHFI Price Prediction for May 12: Will the Rally Sustain After the Vertical Climb?
The ETHFI price today is trading near $1.15 after a parabolic surge from sub-$0.70 levels over the past 48 hours. This sharp vertical move marked one of the most dramatic ETHFI price spikes in recent weeks, pushing the token past several resistance zones in a single stretch. While the rally has captured significant momentum, early signs of cooling off are now emerging on both intraday and daily timeframes.
Looking at the 4-hour chart, ETHFI has shown strong bullish candles supported by high volume, followed by a retracement from the $1.29 top. This pullback brings the price into a consolidation range between $1.12 and $1.20, as traders digest the recent gains. The Bollinger Bands are significantly expanded, with the price retracing toward the upper band support around $1.13—indicating that volatility remains elevated.
What’s Driving ETHFI Price Volatility After the Surge?
On the lower timeframe charts, the latest ETHFI price action reveals that some profit-taking is underway. The Relative Strength Index (RSI) has dropped from overbought conditions (above 80) back to the 5…
The post ETHFI Price Prediction for May 12: Will the Rally Sustain After the Vertical Climb? appeared first on Coin Edition.
Read More