Market analysts say Ether’s (ETH) uptrend was confirmed after a roughly 25% recovery to $2,200 from multi-year lows below $1,800.
Key takeaways:
– Ether rose to $2,200 as on-chain and derivatives data show returning demand.
– Support around $2,100 (and ultimately $1,750) is key for bulls to retain control.
Derivatives and on-chain signals
CryptoQuant data show net taker volume has flipped positive after nearly two months in negative territory, suggesting “sellers may be losing control” as demand for ETH derivatives returns. Historically, shifts from prolonged negative taker pressure toward positive territory often precede short-covering rallies and liquidity-driven rebounds following forced selling.
The Coinbase Premium Index for ETH has also moved from negative to positive, reaching levels last seen in December 2025. That flip points to renewed US buying pressure, which analysts say could accelerate any rally if the premium rises further.
Spot ETF flows and institutional demand
Spot Ether ETFs recorded $169.4 million in inflows on Wednesday, showing a pickup in institutional demand and contributing to the broader recovery in ETH interest.
Analyst views and key levels
Analysts caution that the breakout must hold critical supports. Crypto Patel said $1,750 must hold for “bulls to stay in control,” with upside targets of $2,500–$2,600; “Lose $1,750 and bears take over again.” Bren noted a “larger bounce above $2,200 is likely.” Man of Bitcoin added that a successful retest of $2,100 support could open a path to $3,400 or higher.
Technical outlook
A daily close above $2,100 would revive hopes of a recovery toward the 50-day simple moving average at $2,381. A break above that SMA would indicate the corrective phase may be over and increase the odds of a sustained uptrend.
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