#ArizonaBTCReserve

Ethereum price has several reasons to break $2,000 next.

Several data metrics suggest that Ether is well-positioned to break $2,000 in the coming days or weeks.

One factor supporting Ether's bullish case is growing institutional demand, reflected in large inflows into Ethereum exchange-traded funds (ETFs).

Ethereum remains the undisputed layer-one blockchain network, with a total value locked (TVL) on the network exceeding $51.8 billion.

The chart below shows that Ether's TVL has risen by around 16% over the past seven days.

Another bullish indicator is the Relative Strength Index (RSI), which is hovering within positive territory at 60, indicating that market conditions remain in favor of the upside

Increasing demand from the $1,700 area (at the 20-day simple moving average) would serve as a solid foundation for ETH price to reach the $2,110 level, eventually peaking at $2,500