#ETH #Ethereum #BinanceAlphaAlert $ETH

Ethereum (ETH) might be gearing up for a major breakout after months of sideways action. With bullish technical patterns forming and institutional interest picking up, the $2,000 level could soon be within reach.

Over the past week, ETH has climbed from $1,575 (April 22) to $1,830—an impressive 20% rebound that's reignited market optimism.

Technical Signals Strengthening

Analysts believe this move could mark the start of a larger trend. Crypto strategist Kiran Gadakh noted that a 4-hour candle close above resistance (red line) on the 12-hour chart could propel ETH toward $2,000.

Institutional Demand Surges

Momentum isn’t just technical. On April 28, ETH spot ETFs saw $64M in inflows, per SoSoValue—the strongest weekly net inflow since February.

Total net assets in US spot ETH ETFs now sit at $6.2B (2.87% of ETH’s market cap).

Cumulative net inflows have surpassed $2.47B.

CoinShares reported $183M in ETH product inflows last week, ending an 8-week outflow streak and suggesting a shift in investor sentiment.

DeFi Growth Adds Fuel

Total value locked (TVL) in Ethereum-based DeFi protocols has surged 10%+ since April 22, now reaching $51.67B, according to DeFiLlama.

Caution Amid Bullish Momentum

However, not all traders are convinced.

“Divergence above resistance with rejection on rising volume… could drop to the lower support zone.”

Still, ETH reserves on centralized exchanges continue to shrink—potentially creating supply pressure that could push prices higher.

At Press Time:

ETH Price: $1,819

24H Change: +3.5%