Ether Retests 2022 Trendline as Demand and ETF Inflows Rise
Ether is retesting a 2022 ascending trendline with a bullish MACD crossover, apparent demand at a 90-day high and $160 million in spot ETF inflows.
Ether is retesting an ascending trendline that has supported price since 2022, while the weekly moving average convergence divergence indicator recorded a bullish crossover. Traders point to a pattern similar to a 2025 fractal that preceded a roughly 250% rally. A decisive break above $2,400 is widely cited as the level needed to confirm a new uptrend.
Analyst Max Crypto posted on social media: “Similar structure. Similar dump. Similar consolidation,” and asked, “What if $ETH repeats the Q2/Q3 2025 rally?” The 2025 rally represented about a 250% gain, which would place Ether near $6,300 if repeated.
Analyst Cryptorand wrote that Ether needs to “cross the key $2,400 range” and consolidate above it to trigger what they described as a bullish reversal. On shorter timeframes the token has formed higher lows off the trendline and momentum indicators have turned more positive.
On-chain demand measures show rising buying pressure. Capriole Investments’ Ethereum Apparent Demand metric turned positive on April 8 and rose to 24,111 ETH on April 14, the highest reading since Dec. 31, 2025. Market participants linked the demand increase in part to reports of potential diplomatic progress between the U.S. and Iran.
Exchange data indicates growing U.S. interest. The Coinbase premium index, which measures the price gap between ETH/USD on Coinbase and the ETH/USD pair on Binance, flipped positive and reached 0.055, its highest level since October 2025. CryptoQuant analyst Arab Chain wrote that the index’s rise reflected “a significant influx of institutional liquidity,” a pattern that typically indicates increased demand from institutional investors in the U.S.
Product flows show institutional buying in spot products. Spot Ethereum ETFs recorded net inflows for three consecutive days totaling $160 million. Global ether exchange-traded products posted about $196.5 million in inflows last week.
Technically focused traders note the combination of the long-term trendline, the weekly MACD crossover and higher lows on shorter charts. Several market watchers noted that sustained price gains would depend on Ether holding above key resistance levels and continued inflows into spot products.
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