ETHFI drops 7.61% to $0.60 on below-average volume
- —ETHFI trades at $0.6038, down 7.61% on the day, near the intraday low of $0.5988
- —Volume of $28.2 million is 47.43% below the 30-day average
- —RSI at 39.6 and bearish MACD; price sits below SMA-7, SMA-30 and VWAP
- —Market cap around $583 million; the token is down 14.7% over the week
Why it matters: The decline on weak volume points to soft demand rather than capitulation; a break of the intraday low would expose the $0.582 Fibonacci support.
Source: DiarioBitcoin