Crypto
ETHFI Token Price Surges 13% Breaking Above Recent Range
Ether.fi's (ETHFI) token price surged more than 13% on September 10, breaking above its recent range as momentum strengthened across its daily and 4-hour charts.
The token reached an intraday high of $0.7232, with the wide range showing a sharp rise in volatility.
Momentum indicators favor ETHFI buyers, with the daily Bollinger Bands showing the token trading above the upper band at $0.6571.
Analyst Sebi noted that confirmation would depend on the final size of the daily candle and whether buyers can hold the breakout instead of giving back the advance.