Welcome back,
Yesterday we talked about how Bitcoin has the majority of strength from the entire market while altcoins are still struggling to make a move. But today, let us talk about how we were able to successfully identify one of the tokens that is performing amazingly compared to the rest of the altcoins.
I am talking about Ethereum Finance (ETHFI) , and the reason why I am writing this blog is I think, as I shared this token about two to three weeks back, now it is time for me to share the targets for this token so that in case you looked at my technical analysis and blogs to buy this token, you are going to know the price point at which you should sell Ethereum Finance.
For me, my average price for this token is actually very low. My average price is between $1.70 to $1, which means I am already at around 200% profit in this token. But even if you bought it above $1 or close to $1, you are at a profit of 80 to 90% already. Currently, it is trading at $1.88, and I am going to share a chart below so you can understand where we are currently trading right now.
For the one day time frame chart, you see above that we actually broke a major resistance recently, and we are currently trading above it. This is the price that we last saw in January 2025, so it has been a long time, around nine months, since we saw the price of Ethereum Finance at this level.
Currently, the next resistance is at $2.05, as you can see in the screenshot below. I have zoomed the chart for everyone so that they can look at it and understand it properly. We are going to target that resistance, and in case we break it, the next resistance is going to be at $2.28.
These are the two resistances to watch right now because I think Ethereum Finance should reject from either of the two. And if luck is on our side, we may even see a massive pump, potentially reaching the highs in December when it was trading above $3. But currently, I want to look at these two resistances and book my profit at these levels.
I have already sold my Ethereum Finance holdings from time to time and have shared that in my blog regularly here, so if you are following me, you might be aware of it.
For the long-term target, my stance for this token is at $4 plus, so I think this token can easily reach $4 at least. As Ethereum is still underperforming compared to Bitcoin, when Ethereum starts to perform, the entire Ethereum ecosystem will pump significantly, and hopefully, Ethereum Finance will also give massive returns.
That is what I think about this token. What are your thoughts? Did you buy Ethereum Finance or not? You can tell me in the comments below. Do your own research before taking any decision. My blog is just my personal opinion based on my research, so I hope it will help you in making a decision, but do not totally rely on my blog.
Thank you, and happy trading everyone.