During the 2nd half of April, ETHFI buyers or its MMs tried to keep the price above $3.20 - not allowing it to update the lows.
↪️ On the one hand, it looks like a sign of "strength" ↩️ On the other hand, don't be too surprised if the price of ETH.FI drops sharply to $3.11 or even $2.88 (too many "tasty stops" are hidden below $3.20 and can be hunted). You can even place pending limit orders to buy here and feel a little bit like MM :)
In general, the #ETHFIUSDT chart is very similar to the #BTCUSDT price movement during 2021, and we copied the blue fractal from this period for clarity. That is, the bottom is somewhere close and there should be good growth ahead.
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So far, the ETHFI price has been moving clearly along the fractal
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What do you think about this #ethfiusdt fractal working out?) Its time to buy ETHFI ?
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Is the ETHFI price moving steadily towards the target or not?)