Crypto: Ether Traders See ‘larger Bounce’ After ETH Price Taps $2.2k

Ether traders said ETH price could see further upside as long as bulls defended the $2,100 support, fueled by renewed demand.

Market analysts said Ether’s (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800.

Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand.

ETH price support around $2,100 remains key for the bulls to hold.

Ether’s net taker volume suggests that “sellers may be losing control” as demand for ETH derivatives returned, data from CryptoQuant shows.

Net taker volume, a metric that measures the imbalance between buyers and sellers in derivatives markets, has flipped positive after being in negative territory for nearly two months.

This negative regime coincided with the bear market drawdown, indicating sustained aggressive selling across derivatives markets.

“​​The latest prints show flows starting to turn positive, suggesting that seller dominance may be fading,” CryptoQuant analyst MorenoDV_ said in a recent Quicktake post, adding:

The return in ETH demand is also reflected by Ether’s Coinbase Premium Index, which has risen to levels last seen in December 2025.

After being negative for several months, the index has flipped positive, pointing to a return in demand from US investors, which could propel the ETH price higher.

Source: CoinTelegraph