Whale buying supports ETHFI rally as volume hits weekly high
ether.fi (ETHFI)
Editor:
Eugene Serbin
ambcrypto.com reports that Ether.Fi [ETHFI] surged 10% in a single day, driven by accelerating trading activity and growing market participation. Daily volume reached a new weekly high of $120 million, indicating that the price move is backed by substantial liquidity rather than thin order books. This increased activity coincided with a spike in the token’s price volatility index to 0.048.
Large investors, or whales, have become increasingly active in the spot market, with their orders dominating activity and helping to maintain upward momentum. Instead of fading after the initial breakout, this buying pressure has remained steady, reflecting growing confidence among high-value investors. Retail participation has also picked up, particularly in the derivatives market, as more traders open Futures positions to add momentum to the rally.
On the daily chart, ETHFI is trading above its key EMAs, suggesting that buyers are currently in control. The next key level for traders to watch is the $0.82 resistance. If whale accumulation and retail demand continue, bulls may have enough momentum to challenge that level.
However, elevated volatility raises the likelihood of sharp price swings and potential corrections from profit-taking as the token approaches resistance. The combination of rising volume, dominant whale activity, and growing retail participation suggests the rally is supported by improving market conviction.
How the market reacted
Whalio's own Binance spot order flow for ETHFI, measured when this story was written up on 30 September 2026. Not the outlet's figures.
Whalio’s Binance spot data for ETHFI shows a price of $0.7735 with a 24-hour buy ratio of 53.7%, indicating that buying pressure has been dominant over the full day. This contrasts with the 1-hour reading of 29.2%, suggesting that while short-term selling has occurred, the broader daily trend remains bullish. The 4-hour buy ratio sits at 51.7%, showing a balanced but slightly positive flow in the medium term. Over the last hour, the volume delta was negative at -$215,457, meaning sell volume exceeded buy volume in that specific window. However, the 24-hour volume delta is positive at +$1,096,565, confirming that net buying has outweighed selling over the longer timeframe. CVD closed at -$106,203, indicating a slight net outflow at the close despite the daily positive delta. Spot volume for the period was $14,579,341 across 158,069 trades, with net buying occurring in 10 of the 24 hours.
The latest daily buy ratio of 52.2% sits at the 84th percentile of the last 323 days, against a median of 49.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETHFI, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.6%, making today’s 24-hour ratio of 53.7% an increase of 4.1 percentage points above the norm. Trading volume was 2.30 times the weekly average, highlighting a substantial surge in activity compared to typical days. The coin saw a price change of +9.1% over the last 8 days, with a total volume delta of +$591,835 for that period. While only 2 of the 7 days showed net buying, today’s metrics represent a notable deviation from the weekly average. This suggests that the current day is an unusual spike in volume and buy ratio compared to the broader weekly trend.