Market analysts say Ether’s (ETH) uptrend has been confirmed following its recent 25% rebound to $2,200 from multi-year lows below $1,800.

Key takeaways:

• Ether rose to $2,200 on Wednesday as onchain data shows signs of a return in demand.

• ETH price support around $2,100 remains crucial to sustain the bulls.

Ether Sellers ‘Losing Control’

Ether’s net buyer volume suggests “sellers may lose control” as demand for ETH derivatives returns, CryptoQuant data shows.

Net buyer volume, an indicator measuring the imbalance between buyers and sellers in derivatives markets, rose to positive territory after remaining negative for almost two months.

This negative development coincided with a bear market, indicating continued aggressive selling in derivatives markets.

“​The latest prints show that flows are starting to improve, suggesting that sellers’ dominance may be waning” – CryptoQuant analyst MorenoDV_ he said in a recent Quicktake post, adding:

“Historically, shifts from long-term negative to positive audience pressures have often preceded short-term liquidity-driven rallies and rebounds, particularly after periods of forced selling.”

The return of demand for ETH is also reflected in the Coinbase Premium Ether Index, which has surged to levels last seen in December 2025.

After several months of negative values, the index turned positive, indicating the return of demand from American investors, which may result in an boost in the price of ETH.

“This Means U.S. Buying Pressure Remains Positive,” CryptoQuant CW8900 Analyst he saidadding:

“If the Coinbase premium continues to rise, the rally will accelerate.”

Meanwhile, demand for spot Ether ETFs continues to grow, with an inflow of $169.4 million in these investment products on Wednesday. This proves the return of demand from institutional investors.

ETH traders expect prices to rebound

However, according to analysts, Ether’s recent breakout cannot fall below the level of $1,750.

Crypto Patel trader and analyst he said that $1,750 support needs to hold for the bulls to maintain control, with a growth target set at “$2,500-$2,600.”

“You lose $1,750 and the bears will take over again.”

Commenting on Thursday’s rise in Ether above $2,000, analyst Bren he said “a larger bounce above $2,200 is likely.”

Meanwhile, Bitcoin Man he said that a successful retest of the $2,100 support following the current retracement could open a path to $3,400 or higher.

As Cointelegraph reports, a daily candle close above $2,100 will revive hopes of a rebound towards the 50-day elementary moving average (SMA) at $2,381. A break above this level will mean that the corrective phase may end.