Traders say Ether is ready when it holds $2K ETH price
Market analysts say Ether (ETH) may be ready for a “regime shift” due to increasing buying pressure, but bulls should hold $2,000.
Main Receptors:
Ether shows resistance above $2,000 as onchain data shows signs of rebounding interest.
ETH price support around $1,800-$2,000 should hold for a positive trend change.
Ether Buyers “Win”
Ethernet's bullish volume suggests a “further bottom formation” as demand for ETH derivatives has returned, according to CryptoQuant data.
The net gain rate, which measures the imbalance between bullish buyers and sellers in the derivatives market, has remained positive since March 6.
Related: Ethereum Foundation Closes to Reaching Goal of 70,000 Paid ETH
The chart below shows that since 2023, the net amount has remained negative for most of the time, but has now turned positive, reaching $140 million as of March 16.
Currently, the indicator shows that “buying pressure is increasing at $104 million,” CryptoQuant analyst Darkfost said in a post on Tuesday.
“We are seeing such a regime change in Ethereum derivatives for the first time since the previous bear market,” the analyst added.
“If this volatility continues and the spot market and ETFs begin to support the movement, Ethereum may resume a positive trend.”
Futures open interest (OI), the total number of outstanding futures contracts that have not been terminated or closed, further reinforces this picture.
The cap is currently at 6.4 million ETH, up from the all-time high of 7.8 million ETH reached in July 2025.
“Open interest has slowly recovered after falling to 5 million ETH in October,” Darkfost said in an X post on Sunday.
“Derivative markets on Ethereum remain very active.”
Meanwhile, spot ether ETF flows turned positive, with these investment products recording $120 million in net inflows on Monday, the highest since mid-March.
This indicates that US investor interest has returned after a few days of volatility, which could boost ETH's price.
The price of Ether must be above $2,000.
On the price chart, ETH/USD will be cautiously bearish as long as it holds the $1,800-$2,000 support zone. This is where the 20-day moving average (EMA) and the lower boundary of the symmetrical triangle meet.
“As long as the $2,000 support zone remains, Ethereum may have another upside move,” analyst Ted Tras said on Tuesday's X-Post.
“Missing the $2,000 level means a new yearly low could happen soon.”
The importance of this level of support is reinforced by cost-based distribution. The heat map below shows that over 3.5 million ETH were bought at around $2,000.
Below that, the next line of defense is the $1,750-$1,800 interest zone, where investors gained 1.36 million ETH.
If the price of ETH falls below this level, it will be on a trajectory towards the symmetric triangle target at $1,460 or 30% below the current price.
According to Cointelegraph, a hold of $1,800-$2,000 will be a sign of strength among the bulls, as the ETH/USD pair should take control above $2,400.
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