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Guavy AI Editorial Team••Sentiment: 3.8•Clout: 72

ether.fi [ETHFI] Soars 11% as Buyers Reclaim Key Moving Averages

ETHFIETH

ether.fi [ETHFI] has been on an upward trajectory since it held the $0.30 support earlier this week, posting consecutive higher highs and touching a local high of $0.38.

As of now, ETHFI is trading at $0.37, up 11.24% on the daily charts, with trading volume rising 72% to $58 million and market cap climbing 12% to $346 million.

The altcoin has reclaimed the 20- and 50-day Exponential Moving Averages (EMAs) at $0.34 and $0.36, indicating strengthening upside momentum.

Buyers have outpaced sellers since June ended, with Spot Netflow remaining negative for four consecutive days before improving to -$188k from -$492k the previous day, according to CoinGlass data.