Ethereum Taps $2.2K As Traders Incentive For Trend Change
Market analysts say that Ether (ETH) has rebounded from a multi-year low below $1,800 to $2,200 after confirming its latest 25% recovery.
Main Receptors:
Ether rose to $2,200 on Wednesday, with onchain data showing signs of returning demand.
ETH price support around $2,100 remains key for the bulls to hold.
Ether sellers are “losing control”
Ether's net receiving volume suggests sellers may lose control as demand for ETH derivatives returns, according to CryptoQuant data.
The net receivables ratio, a measure of the imbalance between buyers and sellers in derivatives markets, turned positive after two months in negative territory.
This negative regime coincided with the collapse of the bear market, indicating continued aggressive selling in the derivatives markets.
CryptoQuant analyst MorenoDV_ “Recent publications show that flows have started to turn positive.
“Historically, transitions from extended negative bearish pressure to positive territory are often preceded by short-covering rallies and liquidity-driven recoveries, particularly after periods of forced selling.
The return of demand for ETH was also reflected in Ether's Coinbase Premium Index, which finally rose to levels seen in December 2025.
After being negative for several months, the indicator has turned positive, which indicates the return of interest from US investors, which may increase the price of ETH.
CryptoQuant analyst CW8900 added: “This shows that US buying pressure is positive.”
“If the Coinbase premium rises further, the rally will increase rapidly.”
Meanwhile, demand for spot ether ETFs continues to recover, with these investment products recording $169.4 million in inflows on Wednesday. This reflects the return of demand from institutional investors.
ETH traders expect a price reversal
Ether's recent breakout, however, should not pull back below the $1,750 mark, analysts said.
Trader and analyst Crypto Patel said support at $1,750 should hold for “bulls to take control,” with a target above $2,500-$2,600.
“Lost $1,750 and Bears Regain Control.”
Analyst Breen noted that Ether's Thursday push above $2,000 added “a big move above $2,200 is possible.”
Meanwhile, Bitcoin Guy said that after the current correction, a successful $2,100 support could open to $3,400 and beyond.
According to Cointelegraph, the daily candlestick close above $2,100 renews hopes of a recovery towards the 50-day simple moving average (SMA) at 2,381. A break above this level means that the correction phase may be over.
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