Ether (ETH) appears to be tracing a 2025-like fractal that previously produced a rally of roughly 250%, raising the prospect of a move to new highs. On the weekly chart, ETH has bounced off an ascending trendline that has acted as support since 2022, while a bullish moving average convergence divergence (MACD) crossover has signaled a potential bottom.
Analyst Max Crypto noted the similarity in structure and behavior, asking whether ETH could repeat the Q2–Q3 2025 rally. If history repeats, ETH could appreciate more than 250% toward about $6,300. Fellow analyst Cryptorand said that further confirmation of a bullish reversal hinges on Ether “crossing the key $2,400 range” and consolidating above it.
Market metrics back growing demand. Capriole Investments’ Ethereum Apparent Demand metric turned positive on April 8 and rose to 24,111 ETH on April 14 — its highest reading since Dec. 31, 2025. This uptick coincided with improved investor sentiment after hopes for a U.S.–Iran deal.
The Coinbase premium index for ETH, which measures the price difference between Coinbase and Binance ETH/USD pairs, has flipped positive and climbed to 0.055 — the strongest level since October 2025. CryptoQuant analyst Arab Chain said the rise typically reflects significant institutional liquidity entering the U.S. market.
Spot Ethereum ETFs have also recorded net inflows for three consecutive days, totaling roughly $160 million, while global Ether exchange-traded products (ETPs) logged $196.5 million in inflows last week. These flows further suggest increasing institutional demand.
Technical and on-chain indicators together paint a picture of improving demand and potential for a sustained reversal if key resistances are cleared. That said, traders should watch price action around the $2,400 level and broader market catalysts that could either validate or negate the fractal-based outlook.
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