ETHFI Bulls Target Key Imbalance Zone at $0.73

ETHFI's recent price action has been bullish, with its bulls successfully defending a key demand zone around $0.60. This recovery has enhanced the token's technical structure and added to its bullish outlook.

The market imbalance between $0.69 and $0.73 now stands out as the next major target for ETHFI bulls. Historically, prices often revisit significant imbalances as the market attempts to rebalance areas of inefficient trading.

Whale activity on the network has also been bullish, with big whales continuing to place orders in both the Spot and Futures markets. This ongoing demand from whales can help boost up the recovery and provide much-needed liquidity to counter further bearishness.