ether.fi’s (ETHFI) token has extended its bullish recovery after bulls successfully defended the key $0.60 demand zone. Technical indicators now point to the $0.69-$0.73 market imbalance as the next major target, supported by increasing whale activity across Spot and Futures markets. Spot buyers currently dominate trading, suggesting the recovery is powered by genuine demand rather than leverage. Data from CryptoQuant confirms active whale participation and positive taker cumulative volume delta, reinforcing the constructive market structure.
ether.fi (ETHFI) recently extended its bullish recovery after bulls successfully defended a key demand zone around $0.60. The token’s improved technical structure was further enhanced by whale accumulation and buying activity on spot markets.
A market imbalance between $0.69 and $0.73 now stands out as the next major target for ETHFI bulls. The price often revisits significant imbalances as the market attempts to rebalance areas of inefficient trading.
According to the latest Spot Future Average Order Size data, ETHFI’s large whales have continued placing orders in both Spot and Futures markets. These developments suggest big players remain active around ETHFI’s current price level.
The ongoing demand from whales can help boost the recovery and offer necessary liquidity to counter further bearishness. At the time of writing, buyers were dominating the spot market, implying the recovery is powered by actual demand rather than leverage.
If spot buyers keep absorbing supply, ETHFI might continue its climb toward the imbalance zone. A break past $0.73 would boost the bullish structure, while a failure before reaching the zone might see prices fall back to $0.60.
Technical indicators and on-chain metrics align to suggest a conducive environment for further gains. The combination of demand zone defense, active whale participation, and spot buyer dominance provides a supportive backdrop for the token’s continued appreciation.
