ETHFI Breaks Above $0.641, Now Faces Crucial Resistance

ETHFI's price surged 10% after closing above $0.641 during the previous session, extending its bullish push.

The token reached an intraday high of $0.7232 before facing rejection within the $0.695-$0.735 imbalance zone, but the correction remained minor.

Rising on-chain activity has been a key factor in ETHFI's rally, with trading volume tripling to $179.69 million and social volume increasing as market discussions followed a week of consistent gains.

Whale activity is also growing, with larger spot orders adding liquidity near the resistance zone, but it remains to be seen whether buy-side demand will continue as ETHFI tests resistance at $0.735.