ETHFI Falls 5.16% as Sale Tied to Arthur Hayes Weighs on Token
- —ETHFI trades at $0.616, down 5.16% on the day
- —Daily volume of $36.8 million is 31.67% below the 30-day average
- —Price sits below SMA-7, SMA-30 and intraday VWAP; RSI at 41
- —Report attributes sale of ~1.89 million ETHFI to Hayes and Maelstrom
Why it matters: The decline came without a volume spike, so it does not confirm capitulation; holders should watch token flows and derivatives data.
Source: DiarioBitcoin