ETHFI: Michaël van de Poppe Calls Bottom, Eyes $1.25

Michaël van de Poppe declared $ETHFI has bottomed following a classic sweep of September lows and immediate buying response, with markets rotating higher.

The analyst added that a weekly close above $0.60 followed by consolidation would trigger a rapid upside move toward the $1.15-1.25 area.

Price currently sits at $0.63 inside the Bollinger Bands with upper resistance at $0.69 and lower support at $0.58. The EMA50 at $0.64 and EMA200 at $0.67 frame a bearish structure, yet the MACD golden cross at -0.01 and neutral RSI at 49.85 signal building momentum. With price testing upper Bollinger resistance while the 50-EMA sits just above spot, a healthy retracement to that EMA support appears probable before continuation toward the weekly breakout zone.