ETHFI -224.72% in 24 Hours Amidst Sharp Market Correction

On SEP 1 2025, ETHFI dropped by 224.72% within 24 hours to reach $1.097, ETHFI dropped by 252.1% within 7 days, dropped by 224.72% within 1 month, and dropped by 5204.41% within 1 year.

The precipitous drop in ETHFI's price reflects a broader market correction within the crypto space. Over the past year, the token has experienced a near 5,200% decline, indicating severe pressure from bearish sentiment, liquidity challenges, and broader macroeconomic factors. Daily price swings remain unusually volatile, with the recent one-day drop of 224.72% underscoring the fragility of the token’s market structure. This performance suggests a lack of resilience in buyer participation and growing risk aversion among market participants.

The technical indicators used in evaluating ETHFI’s recent performance show a pronounced bearish bias. Short-term moving averages have crossed below long-term averages, confirming a downtrend. Additionally, the Relative Strength Index (RSI) remains in oversold territory for an extended period, signaling potential exhaustion in the downward move. However, RSI divergence does not currently suggest a reversal, and the asset remains in a strong sell bias across multiple timeframes. These indicators have formed the basis for evaluating potential backtest scenarios, focusing on the token’s behavior following sharp drawdowns.

Backtest Hypothesis

Given the recent performance, a backtesting strategy may be constructed to analyze how ETHFI has historically behaved following periods of severe price decline. To ensure the backtest aligns with the user's intent, several clarifications are necessary. First, it is important to confirm whether the focus is on a drawdown from a defined high or on price behavior after a specific one-day decline of 224.72%. Clarifying this will ensure that the backtest reflects either an absolute price level or an event-based trigger.

Additionally, it is crucial to define the time period for the backtest. The strategy could be tested over the full historical window from January 1, 2022, to September 1, 2025, or a shorter, more focused window may be preferred depending on the user’s objective. If the user has predefined event dates—such as known days on which ETHFI dropped by the stated percentage—those can be used directly to build the backtest. Alternatively, the strategy can programmatically identify such drawdown events from the full historical data set.