ETHFI Price Today Trading Near $1.15 After a Parabolic Surge from sub-$0.70 Levels

This sharp vertical move marked one of the most dramatic ETHFI price spikes in recent weeks, pushing the token past several resistance zones

ETHFI price today is trading at around $1.15 after a parabolic surge from sub-$0.70 levels over the past 48 hours. This sharp vertical move, seen in the 4-hour chart below, marked one of the most dramatic ETHFI price spikes in recent weeks.

The crypto has shot past several resistance zones in a single stretch, showcasing the strength of the bulls. However, while the rally has gathered significant momentum, early signs of cooling off are now emerging on both intraday and daily timeframes.

ETHFI faces immediate support at $1.09-$1.13. This zone aligns with the mid-band of the Bollinger and the latest intraday higher low. A breach below could trigger a retest of the $1.00-$0.96 zone, which previously acted as resistance and may now flip to support.

On the other hand, the next resistance is $1.29-$1.32. If ETHFI price clears this level with strong momentum, the rally could extend toward the $1.55-$1.60 region. However, the daily chart shows a supply zone between $1.30 and $1.80, so any breakout will likely face resistance from trapped long-term sellers.

From a structure standpoint, a decisive move below $1.00 would be required to negate the bullish structure formed over the past few months.

ETHFI price dropped slightly today after a strong run-up, which can be attributed to technical rejection at the $1.29 zone. This level is also a Fibonacci resistance zone, which adds to the selling pressure.

On the other hand, the buyers managed to defend the key support at $1.10, which is the 50% Fibonacci retracement level. This suggests that the bulls are still in control, but they may face some difficulties if the sellers return with more force.

Overall, the short-term trend of ETHFI price remains bullish, but the momentum has slowed down in recent hours. Traders can expect more volatility in the coming days, as the crypto is likely to continue its journey toward higher highs.

ETHFI price is expected to remain volatile on May 12, with the base scenario suggesting a consolidation phase between $1.10 and $1.25. Further upside attempts toward $1.30 are possible if buying volume returns.

However, if bears gain traction and break through $1.09, paving the way for a short-term correction to $0.97-$1.00.

The broader trend remains bullish, but short-term indicators suggest caution. Traders should monitor RSI dips below 50, MACD crossovers, and intraday volume to assess whether momentum returns or if a retracement deepens.

For deeper insight into previous setups, see our earlier breakdown of ETHFI’s breakout pattern on May 10, which anticipated this rally.