Ether.fi (ETHFI) is displaying a technical pattern reminiscent of Zcash (ZEC)'s breakout earlier this year, according to CoinsProbe. ETHFI has surpassed a symmetrical triangle and confirmed a Relative Strength Index (RSI) breakout, similar to ZEC's structure before its 330% surge. A move above the RSI's moving average at 62.36 could indicate renewed bullish momentum, with potential price targets at $3.0 and $5.0. However, failure to maintain the 100-day moving average at $1.26 might result in consolidation.
ETHFI Exhibits Bullish Pattern, Echoing ZEC's Previous Breakout
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.