Ether (ETH)’s uptrend has been confirmed after a recent 25% recovery to $2,200 from its multi-year lows of $1,800, market analysts said.
Key considerations:
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Ether rose to $2,200 on Wednesday as onchain data showed signs of a rebound in demand.
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ETH price support around $2,100 remains key to sustaining the bulls.
Ether sellers are ‘losing control’
The volume of net receivers of Ether suggests that “sellers may lose control” as demand for ETH derivatives has reversed, data from CryptoQuant shows.
Net buyer volume, a measure that measures the imbalance between buyers and sellers in derivatives markets, turned positive after nearly two months in negative territory.
This negative mode coincided with a decline in the bear market, indicating sustained aggressive selling in the derivatives markets.
“Recent devices are turning positive, suggesting that the seller’s dominance may be diminishing,” CryptoQuant analyst MorenoDV_ said in a recent Quicktake note.
“Historically, the transition from long-term negative bearish pressure to positive territory is often preceded by short-term rallies and liquidity reversals, particularly after periods of forced selling.”
The return of ETH demand is also reflected by Coinbase’s Ether Premium Index, which was last seen in December 2025.
After being negative for several months, the index has turned positive, pointing to a return in demand from US investors, which could boost the price of ETH.
“This suggests that US buying pressure remains positive,” said CryptoQuant analyst CW8900, adding:
“If the Coinbase premium rises further, the rally will accelerate.”
Meanwhile, demand for Spot Ether ETFs continues to recover, with these investment products recording $169.4 million in inflows on Wednesday. This indicates a return of demand from institutional investors.
ETH traders expect the price to rise
According to analysts, Ether’s recent breakout should not go below $1,750.
Crypto trader and analyst Patel said support at $1,750 is needed for “bulls to stay in control” and an upside target is set at “$2,500-$2,600”.
“Lose $1,750 and the bears will take it back.”
Commenting on Ether’s Thursday rally above $2,000, analyst Breen said there is a “potential for further growth above $2,200.”
Meanwhile, Man of Bitcoin said that a successful test of $2,100 support after the current pullback could open the way to $3,400 or higher.
As reported by Cointelegraph, a daily candlestick above $2,100 will give hope of a recovery to the simple moving average (SMA) at $2,381. A break from this level means that the correction phase may be over.
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