The ether.fi price breaks through the important resistance. Are you next $ 10?

• The price of ether.fi rose by 10 %because the old coins seemed to be recovered, and in the middle of the recent upward dynamics reached max.
• If the optimistic mood predominates, ETHFI could strive for a price target of $ 10.

The price of ether.fi rose by 10 % and reached a high of $ 5.35, a seven-week high for the native token ETHFI of the Ethereum-Liquid-Restaking platform.

is important that the ether.fi price at the current level is acted above a decisive support area that has become a resistance area.

Can the bulls crack the 10 USD brand after a price increase of 47 % last week? In the last outbreak over 5 USD, Ethfi rose to his all -time high of $ 8.53

ether.fi leads

On May 24th, the Ether.Fi team announced the introduction of ether.fi cash, a mobile wallet and visa credit card with which users can save, spend or invest with their ether.Fi assets.

With cash, users can borrow USDC or handle everyday transactions. Users can also pay credit with their use and liquid rewards.

"Cash is the third product in our trilogy-fi stake, ether.fi liquid and ether.fi cash. Together these integrated products help users to save, invest and emit their cryptocurrencies, so that they never have to leave again," says the protocol in a Announcement

ETHFI price increases over 5 USD

Data from Coingecko show that the ETHFI price together with the most important old coins shot up when Ethereum recorded a steep increase in the early week. The ETH price reacted violently to the news of an upcoming Spot ETF approval and reached maximum stalls of $ 3,900

The upward dynamics also had an impact on the tokens of the ecosystem, with ETHFI increasing from a low of $ 3.23.

Read more: Ether.fi (ethfi) token-dumps according to trade debut

Although the price on the horizontal resistance line initially met with rejection, the bulls were able to increase up to $ 5.35 on May 23rd in a renewed test.

The relative strength index (RSI) on the daily type is 66, which indicates that the buyers have the upper hand. In addition, the MACD indicator above the signal line becomes stronger, which reflects an overall optimistic forecast for ETHFI.

If the bulls convert the important resistance zone into a robust support area, you could target the new all-time high with an increase to $ 6.14.