Whale Investor Accumulates 300k ETHFI in Three Days
A whale investor has been making consistent daily purchases of ETHFI tokens over the past three days, accumulating a total of 300,000 units. This accumulation has sent a total value of $159,568 to EtherFi Cash, indicating a significant level of conviction from this investor.
The ETHFI price currently sits at $0.53 within its Bollinger band, with lower support at $0.52 and upper resistance at $0.59. The EMA50 is capping upside at $0.56, while the EMA200 offers deeper structural support at $0.50.
The MACD death cross is currently bearish, indicating that any relief rally towards the 50-EMA may stall until the RSI(14) climbs above 50. This scenario adds complexity to ETHFI price prediction models, which now hinge on whether this accumulation absorbs selling pressure before a potential next leg lower in a broader crypto market crash.