Ether traders see 'larger bounce' after ETH price taps $2.2K

Market analysts indicate that Ether's (ETH) uptrend has been confirmed following a recent 25% recovery, pushing its price to $2,200 from lows below $1,800. This rebound is supported by on-chain data suggesting a return of demand.

Shifting Market Sentiment

Data from CryptoQuant reveals that Ether's net taker volume, a metric tracking imbalances in derivatives markets, has turned positive after nearly two months of negative territory. This shift suggests that sellers may be losing control, a trend historically preceding short-covering rallies and liquidity-driven rebounds, especially after periods of aggressive selling.

CryptoQuant analyst MorenoDV_ noted that these positive prints indicate fading seller dominance. Historically, a transition from prolonged negative taker pressure to positive territory has often signaled an upcoming rebound.

US Investor Demand and ETF Inflows

Further evidence of returning demand comes from Ether's Coinbase Premium Index, which has risen to levels not seen since December 2025. After being negative for several months, the index is now positive, indicating renewed demand from US investors. CryptoQuant analyst CW8900 stated that continued positive buying pressure from the US could accelerate the rally.

Additionally, demand for spot Ether ETFs has recovered, with these products recording $169.4 million in inflows on Wednesday, signaling a return of institutional investor interest.

Key Price Levels for Traders

Analysts emphasize that for Ether's uptrend to continue, the price must hold above the $1,750 support level. Trader Crypto Patel highlighted that maintaining this level is crucial for bulls to retain control, with upside targets set between $2,500 and $2,600. A drop below $1,750 could shift control back to the bears.

Analyst Bren suggests a larger bounce above $2,200 is likely following Ether's push above $2,000. Man of Bitcoin added that a successful retest of the $2,100 support could pave the way for a move towards $3,400 or higher. A daily close above $2,100 would revive hopes of a recovery towards the 50-day simple moving average (SMA) at $2,381, potentially signaling the end of the corrective phase.