Market analysts said Ether’s (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800.
Key takeaways:
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Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand.
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To hold ETH at $2,100 the price must remain around this level.
Ether sellers are “losing control”
Ether’s net taker volume suggests that “sellers may be losing control” as demand for ETH derivatives returned, data from CryptoQuant shows.
After nearly two months in the negative, Net Taker Volume, which measures the balance between buyers and seller in derivatives market, is now positive.
This negative regime coincided with the bear market drawdown, indicating sustained aggressive selling across derivatives markets.
“The latest prints show flows starting to turn positive, suggesting that seller dominance may be fading,” CryptoQuant analyst MorenoDV_ said in a recent Quicktake post, adding:
“Historically, shifts from prolonged negative taker pressure toward positive territory often precede short covering rallies and liquidity-driven rebounds, particularly after periods of forced selling.”
The return in ETH demand is also reflected by Ether’s Coinbase Premium Index, which has risen to levels last seen in December 2025.
Index has flipped from negative to positive after several months of being negatively skewed. It indicates a return in US investor demand, which may drive the ETH value higher.
“This indicates that US buying pressure remains positive,” CryptoQuant analyst CW8900 said, 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. It shows that institutional investors are returning to the market.
ETH traders anticipate a price rebound
Ether’s latest breakout must, however, not pull back below the $1,750 mark, according to analysts.
Trader and analyst Crypto Patel said that the $1,750 support must hold for “bulls to stay in control,” with the upside target set at “$2,500-$2,600.
“Lose $1,750 and bears take over again.”
Commenting on Ether’s Thursday push above $2,000, analyst Bren said a “larger bounce above $2,200 is likely.”
Meanwhile, Man of Bitcoin said that a successful retest of $2,100 support after the current retracement could open the path to $3,400 or higher.
As Cointelegraph reported, a daily candlestick close above $2,100 will revive the hopes of a recovery toward the 50-day simple moving average (SMA) at $2,381. A break above this level will mean that the corrective phase may be over.
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Source: cointelegraph.com
