ETHFI Falls 3.73% to $0.597 After CLARITY Act Fails
- —ETHFI fell 3.73% to $0.597, with a daily low of $0.581
- —Trading volume was $40.3 million, 34.47% below the 30-day average
- —RSI at 52, MACD in bearish zone, price 33% above the 200-day SMA
- —ETHFI gained 74% over 90 days but is down 64% over the year
Why it matters: ETHFI's decline stems from a market-wide selloff after the CLARITY Act's failure rather than protocol issues; a break below $0.58 could trigger a test of the 50-day SMA at $0.511.
Source: DiarioBitcoin