Analyst: Ethereum buying is returning, holding onto the $2000 support level is key to reversing market structure BlockBeats news, on April 8th, according to Cointelegraph, on chain data and derivatives market indicators show that Ethereum buyer power is returning, but analysts warn that multiple parties must hold onto the $2000 support level. CryptoQuant data shows that Ethereum's net eating order volume has been consistently positive since March 6th, climbing to $140 million on March 16th and currently remaining at $104 million. Net order quantity is an indicator of the degree of imbalance between aggressive buyers and sellers in the derivatives market. CryptoQuant analyst Darkfost said, "This is the first time we have observed such a mechanism shift in the Ethereum derivatives market since the last bear market." He added that if this trend continues and the spot market and ETFs begin to follow suit, Ethereum is expected to restart its upward trend. In terms of open futures contracts, the current position is 6.4 million ETH, close to the historical high of 7.8 million ETH set in July 2025, and has gradually rebounded from the low of 5 million ETH in October last year. The fund flow of spot Ethereum ETF also turned positive on Monday, with a net inflow of $120 million on the same day, the highest daily net inflow since mid March. At the price level, analyst Ted Pillows said, "As long as the support level of $2000 is maintained, Ethereum is expected to rise again; once it falls below that level, a new low for the year may follow." Glassnode's cost base distribution data shows that the holding cost of over 3.5 million ETH coins is concentrated around $2000; If it falls below this area, the range of $1750 to $1800 below is secondary support, and approximately 1.36 million ETH have opened positions in this range. If the price further falls below the above support, the measurement target of the symmetrical triangle points to $1460, which is about 30% lower than the current price.