After months of downward pressure, Ethereum (ETH) may finally be prepared for its next major movement upwards. The second largest cryptocurrency by market value seems to take advantage of several hausse-like trends-all from technical settings to improvement in institutional demand-can drive it against the psychologically significant $ 2000 mark.
Ethereum on the way to $ 2,000?
ETH has shown remarkable speed over the past week and collected from about $ 1,575 on April 22 to about $ 1,830 at the time of writing. This nearly 20% increase has revived the raisy feeling throughout the market.
Technical analysts believe that this latest increase may be the beginning of a greater move. In an X post, analyst Kiran Gadakh shared a 12-hour ETH chart and noted that if ETH confirms a 4-hour light near the resistance-embossed by the red line-kunde soon it soon CASE The level of $ 2,000.
At the same time, Ethereum Spot Exchange-Traded Fund (ETF) inflows speed. Data Sosovalue shows that ETH Spot ETFS saw over $ 64 million in inflows only on April 28. More remarkably highlighted the week which ended on April 25 for the first time since February 2025 that ETFs experienced a positive weekly inflow.
Currently, total net assets in the US ETH Spot ETF of $ 6.20 billion amounts to approximately 2.87% of Ethereum’s total market value. At the same time, cumulative net inflows to these ETFs have reached $ 2.47 billion – a clear sign of growing institutional interest.
Further support for Ethereum’s Hausse is an increase in institutional demand. Coin steak data Revealed that ETH investment products attracted net inflows of $ 183 million last week. This breaks an eight -week line consecutive outflows, which indicates a potential shift in the feeling of investors.
Ethereum’s decentralized economic ecosystem also sees resuscitation. According to Defillama, the total value located (TVL) in Ethereum-based defi platforms has jumped more than 10% since April 22, now that has been $ 51.67 billion.
Eth not completely out of the forest
Despite this promising Data, not everyone is convinced that Ethereum is out of the forest. Crypto -analyst Nebraskangoons described ETH’s latest price measure as “sloppy.” He noted:
Sloppy price action. The fact that this deviates above the resistance and rejects on increasing volume makes me believe that it will sink back to this support zone below.
Still, decrement ETH reserves on exchanges drive speculation about a potential delivery press. If this trend continues, it can give the necessary momentum for ETH to break $ 2,000 and maintain higher levels. At press time, ETH deals to $ 1,819, an increase of 3.5% over the past 24 hours.
Featured image from unsplash.com, charts from X and tradingview.com
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