Ethereum Buyers Return as Bulls Defend $2,000 Support 📊

Ethereum is showing signs of a potential trend shift as buying pressure returns, but analysts say holding the $2,000 level is critical. On-chain data shows positive net taker volume since early March, indicating aggressive buyers are gaining control and forming what could be a stronger market bottom.

Derivatives activity is also strengthening, with Ethereum futures open interest climbing to around 6.4 million ETH — close to its all-time high. At the same time, spot ETH ETFs recorded roughly $120 million in inflows, signaling renewed demand from institutional investors and supporting bullish momentum.

Analysts warn that the $1,800–$2,000 zone remains the key support area. Holding above it could open the door for another push higher, while losing $2,000 risks a drop toward $1,750 and potentially as low as $1,460 if selling pressure accelerates.