Ether.fi is gaining traction after a strong 7-day rally, fueled by whale buying and Ethereum’s broader ecosystem growth. The ETHFI price rose 6.23% in the past 24 hours to $1.29, with its market cap chugging up to $544.91 million. Trading volume surged 23.54% to $268.88 million, showing rising retail participation alongside institutional activity. Curious about the next big pitstop? Read this analysis for all details.
Why ETHFI Price Is Going Up?
On August 11, BitMEX co-founder Arthur Hayes acquired 420,000 ETHFI worth about $517,000 as part of an $8.4 million DeFi buying spree. Which also included LDO and PENDLE. Such high-profile purchases often trigger copycat trades. With on-chain data showing whales now control around 42% of ETHFI’s supply. This accumulation, while bullish in the short term, raises centralization concerns if profit-taking occurs near resistance levels.
Ethereum’s price rally to $4,300 is driving capital into liquid restaking protocols. ETHFI’s TVL has rebounded to $6.7 billion, with revenue up 58% month-over-month. A new partnership with Superstate to use weETH as collateral for yield funds reinforces ETHFI’s utility in RWA strategies. That being said, sustained Ethereum strength above $4,200 remains critical for ETHFI’s staking demand.
ETHFI Price Analysis
ETHFI price broke above its 7-day SMA at $1.21 and the Fibonacci 23.6% retracement level at $1.29, signaling a trend shift. The RSI-14 reading at 64 is neutral-bullish, while the MACD histogram turning positive suggests strong momentum.
Traders are eyeing $1.54, the 127.2% Fibonacci extension, as the next upside target. However, the 24-hour pivot point at $1.31 could act as immediate resistance. If ETHFI fails to hold above $1.25, profit-taking could drag prices toward $1.09 support. Conversely, a clean breakout above $1.30 may accelerate gains toward the $1.50–$1.60 zone.
FAQs
Whale accumulation led by Arthur Hayes and Ethereum’s broader rally have boosted demand.
If momentum holds, traders are watching $1.50–$1.60, with $1.54 as a key Fibonacci level.
Failure to hold $1.25 or whale profit-taking near $1.54 could trigger a pullback.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed