ETHFI jumped roughly
↗15%
over the past week, but selling pressure and investor fear suggest the rally may be losing steam.
Mixed signals create uncertainty
Price climbed roughly
↗15%
over the past week while trading volume surged
↗159%
over the past 24 hours, yet ETHFI is trailing its Layer 2 peers by approximately
↘4%
over the same weekly period as more people sell than buy.
Selling pressure dominates activity
The ratio of buyers to sellers hit 0.70 over the past 24 hours (meaning 1.44 times more sellers than buyers), while blockchain data shows investors moving coins to exchanges and selling at losses.
Lagging behind Layer 2 peers
While the broader Layer 2 category gained roughly
↗20%
over the past week, ETHFI's approximately
↗15%
weekly rise falls short, signaling relative weakness compared to similar projects.