EtherFi tests $0.7040 hourly resistance as daily MACD histogram stays negative

As of October 16, 2026, EtherFi price trades at $0.7023 on Binance , with ETHFI retaining a bullish daily structure but lacking convincing daily momentum. The main scenario is cautiously bullish: price stands above all three daily moving averages, yet nearby resistance remains unbroken and the daily MACD histogram is negative. Key takeaways ETHFI trades at $0.7023, above all three daily EMAs — EMA20 at $0.6952, EMA50 at $0.6549, and EMA200 at $0.5443 — confirming a bullish structural stack. The nearest resistance sits at hourly R1 ($0.7040) and daily R1 ($0.7050), with the daily Bollinger midpoint at $0.7153 as the next higher reference. The daily MACD histogram remains negative despite the bullish EMA arrangement, creating a divergence between structure and momentum.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Cryptonomist.