ETHFI Bulls Eye Imbalance Zone at $0.73 Amid Whale Accumulation

ETHFI has been experiencing a bullish recovery after its bulls successfully defended a key demand zone around $0.60.

The token's price action extended its rebound, enhancing its technical structure with whale accumulation and buying on spot adding to its bullish outlook.

A market imbalance between $0.69 and $0.73 stands out as the next major target for ETHFI bulls.

Whales have increased their exposure to ETHFI, placing orders in both Spot and Futures markets, providing liquidity to counter bearishness.

Spot buyers have been dominating the market, powering the recovery with actual demand rather than just leverage.