ETHFI Price Skyrockets—Here’s What’s Fueling the Frenzy
Ethereum’s latest darling isn’t just climbing—it’s mooning. ETHFI, the governance token for Ether.Fi’s liquid staking protocol, just ripped past its previous ATH with a 72% weekly surge. Blame three factors: a sudden spike in ETH staking demand, whispers of a major exchange listing, and that classic crypto FOMO hitting terminal velocity.
Behind the numbers: Liquid staking wars heat up. With Lido dominating the sector, ETHFI’s recent surge suggests traders are betting on an underdog—or just chasing the next shiny thing. The token’s fully diluted valuation now sits at a cheeky $3.2B, because why not?
The kicker? Some whale just dumped $4.2M worth on Binance—right before the rally. Either someone’s getting fired, or this is yet another ’retail buys the top’ special. Stay sharp out there.
ETHFI price analysis
The daily chart shows that the ETHFI price has jumped to $1.6080, its highest level since February this year. This rebound happened after it formed a falling wedge pattern, a popular bullish reversal sign.
It has also moved above the important resistance point at $1.1320, its lowest point on August 5 last year. It has also moved above the 50-day and 25-day Exponential Moving Averages.
The Relative Strength Index has moved to the extreme overbought point of 85. Also, the Average Directional Index has moved to 42. Therefore, it will likely continue rising as bulls target the next point at $3.1282, the highest point in December, which is about 100% above the current level. A drop below the support at $1.1318 will invalidate the bullish outlook.
