Looking at the 4-hour chart, the price has encountered significant resistance around $0.8581. The bulls were pushed back in this supply zone, forming a lower high—which is not a good sign.
More importantly, the previous support at $0.8200 has been broken. Now it has turned into resistance, and the price has been hovering below this line. This shift from support to resistance often signals further downside ahead.
**Short Strategy:** Entry zone can be around $0.8150-$0.8280 Stop loss set above $0.8650 Target prices in three steps: $0.7500 → $0.7164 → $0.6637
Of course, if the price breaks above $0.8650 and holds, then this bearish thesis needs to be reassessed. The worst thing in technical analysis is being stubborn—if you need to stop out, just do it.
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AirdropLicker
· 5h ago
0.82 has been breached, it's going to drop now, but I'll still set a stop loss. The lesson from getting trapped is too deep, haha.
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VibesOverCharts
· 13h ago
The airdrop thesis is well-written, but bro, $ETHFI this rebound is hard to predict.
The support-to-resistance theory is indeed classic, but the market loves to fake people out repeatedly. If 0.8650 can't be broken, we'll have to see how the pullback performs.
Honestly, I'm still more optimistic about a major bottom forming, rather than a straight drop to 0.6637.
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OnchainSniper
· 13h ago
Turning support into resistance is a classic move. ETHFI is indeed pretty fierce this time... but the 0.65 target feels a bit harsh. Will there be a rebound in between?
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ReverseTrendSister
· 13h ago
Support turning into resistance is happening again. Every time they say it’s going to go lower, it reverses and goes up. I’m not so sure about it this time. Whether 0.8200 can hold is key—if it breaks, it’s really over.
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HodlOrRegret
· 13h ago
ETHFI is indeed on a downward trend this time; after breaking 0.82, it hasn’t bounced back.
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OnChainSleuth
· 13h ago
The 0.82 level wasn't held, ETHFI is probably going to break 0.75.
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Support turning into resistance, I've seen this trick too many times, it's always the same play.
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Another bearish argument, bro, can you make money this time?
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I think a stop loss at 0.8650 is too loose, the loss is a bit much that way.
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The third target is straight down to 0.66, how long will it keep dropping?
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I'm still stuck at a high position, and you’re all bearish...
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"Stubbornness" is well said; the worst thing in technical analysis is being too rigid.
#比特币对比代币化黄金 ⚡ $ETHFI Clearly Bearish Signals on the Technical Side
Looking at the 4-hour chart, the price has encountered significant resistance around $0.8581. The bulls were pushed back in this supply zone, forming a lower high—which is not a good sign.
More importantly, the previous support at $0.8200 has been broken. Now it has turned into resistance, and the price has been hovering below this line. This shift from support to resistance often signals further downside ahead.
**Short Strategy:**
Entry zone can be around $0.8150-$0.8280
Stop loss set above $0.8650
Target prices in three steps: $0.7500 → $0.7164 → $0.6637
Of course, if the price breaks above $0.8650 and holds, then this bearish thesis needs to be reassessed. The worst thing in technical analysis is being stubborn—if you need to stop out, just do it.
$MET $PIEVERSE