Market analysts say Ether (ETH) may be poised for a “regime change” as buying pressure builds, but bulls need to hold $2,000.

Key takeaways:

• Ether shows resistance above $2,000 as onchain data shows signs of demand returning, suggesting a possible “regime change.”

• For a positive trend change to occur, ETH price support around $1,800-2,000 must continue.

Ether buyers ‘dominate’

Ether’s net receiving volume suggests a “stronger bottom is forming” as demand for ETH derivatives returns, CryptoQuant data shows.

Net taker volume, an indicator that measures the imbalance between aggressive buyers and sellers in derivatives markets, has remained positive since March 6.

Related: Ethereum Foundation almost reaches goal of 70,000 ETH staked

The chart below shows that although net customer volume has remained negative most of the time since 2023, it is now positive and has increased to as much as $140 million on March 16.

Currently, the indicator shows that “buying pressure dominates, amounting to $104 million,” CryptoQuant analyst Darkfost he said on Tuesday in post X.

“This is the first time since the previous bear market that we are witnessing such a regime change in Ethereum derivatives,” the analyst said, adding:

“If this momentum continues and the spot market and ETFs begin to support this move, Ethereum could potentially resume its positive trend.”

Futures open interest (OI), which is the total number of outstanding futures contracts that have not been settled or closed, further reinforces this picture.

The rate currently stands at 6.4 million ETH, which is close to the all-time high of 7.8 million ETH reached in July 2025.

“After dropping to 5 million ETH in October, open interest has gradually increased,” Darkfost he said in X’s Sunday post, adding:

“Ethereum derivatives markets remain very active.”

Meanwhile, Ether spot ETF flows were positive, with net inflows across these investment products reaching $120 million on Monday, the highest since mid-March.

This indicated a return of demand from American investors after several days of outflows, which may result in an escalate in the price of ETH.

The price of ether must remain above $2,000

On the price chart, ETH/USD remains cautiously bullish as long as it holds within the $1,800-$2,000 support zone. This is where the 20-day exponential moving average (EMA) and the lower boundary of the symmetrical triangle converge.

“As long as the $2,000 support zone holds, Ethereum may make another move higher” – analyst Ted Pillows he said in Tuesday’s post X, adding:

“A loss of the $2,000 level means a new yearly low could be coming soon.”

The importance of this level of support is reinforced by cost-based sharing. Heat map below can be seen that over 3.5 million ETH was purchased for approximately $2,000.

Below the next line of defense there is a demand zone at USD 1,750-1,800, where investors purchased 1.36 million ETH.

If the ETH price falls below this level, it will be in a free fall towards the measured symmetrical triangle target of $1,460, which is 30% below the current price.

As Cointelegraph reports, holding $1,800-$2,000 would be a sign of strength for the bulls, who need to push the ETH/USD pair above the high of the $2,400 range to regain control.