Lol, I mean move the actual camera up, as in raise it up along the Y axis so its more above your character instead of directly behind. Most games your avatar/character is positioned more at the bottom of the screen instead of directly behind it. In EQ when you zoom out, the camera doesn't actually change where it is, it just moves back, so your character is still right in the middle of the screen, leaving a ton of ground in your visual most of the time.
There are multiple ways to move camera up/down around, sideways, zoom in/zoom out, spin etc.
I can't list them all cause I don't know your key binds for these movements. You need to open options and check keys for the camera and set up binds or check what they are if they are already set.
And yes you need to hit F9 a couple times to get a basic 3d person mode first and then start adjusting from there.