According to BlockBeats, Cointelegraph analyst Nancy Lubale stated that the recovery in demand for Ethereum spot ETFs, increased on-chain activity, and bullish technical patterns may drive ETH to break through the next key resistance level of $2000.
As of April 28, the total net inflow for Ethereum ETFs reached $64.1 million. For the week ending April 25, the total net inflow for Ethereum ETFs reached $151.7 million, the highest level since February 2025, reflecting growing institutional demand.
The Ethereum network's TVL exceeds $51.8 billion, with an increase of about 16% over the past week. Daily trading volume on Ethereum's DEX has increased by over 30% in the past week, reaching $1.65 billion. Despite ETH/USD facing resistance at $1,860, the charts show a typical bullish pattern, which may restore upward momentum.
