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.

Whats 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 59–60 zone, signaling a cooldown. The MACD histogram has also started to contract, and the MACD line appears to be crossing below the signal line—both signs of declining bullish momentum.

Meanwhile, Stochastic RSI on the 4-hour chart remains elevated (around 87), but the cross-down suggests the short-term trend may lose steam unless volume returns. The rejection near the $1.29 zone aligns with historical resistance observed in December 2024, as seen on the daily chart. This technical rejection helps explain why ETHFI price going down today after its sharp run-up.

Key Support and Resistance Zones for ETHFI

From a structure standpoint, ETHFIs immediate support lies between $1.09 and $1.13. This range aligns with the mid-band of the Bollinger and the latest intraday higher low. A breach below this could trigger a retest of the $1.00–$0.96 zone, which previously acted as resistance and now may flip to support.

On the upside, the next hurdle is $1.29–$1.32. If ETHFI price clears this level with strong momentum, the rally could extend toward the $1.55–$1.60 region. However, the daily chart shows a supply zone between $1.30 and $1.80, so any breakout will likely face resistance from trapped long-term sellers.

Notably, EMAs on the 4-hour chart—20/50/100/200—are all sloping upward and stacked bullishly. The current ETHFI price remains well above all major moving averages, showing structural strength as long as $1.00 holds. The Bollinger Band squeeze breakout from earlier this week remains valid but needs continuation above $1.20.

ETHFI Price Prediction for May 12

For May 12, ETHFI price volatility is expected to remain high. The base scenario suggests a consolidation phase between $1.10 and $1.25, with upside attempts toward $1.30 if buying volume returns. However, if bears gain traction below $1.09, a short-term correction to $0.97–$1.00 is likely.

While the broader trend remains bullish, short-term indicators suggest caution. Traders should monitor RSI dips below 50, MACD crossovers, and intraday volume to assess whether momentum returns or if a retracement deepens.

For deeper insight into previous setups, see our earlier breakdown of ETHFIs breakout pattern on May 10, which anticipated this rally.

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