After months of pressure, Ethereum (ETH) can finally move to its next big upward. The second largest cryptocurrency by market capitalization seems to be beneficial from several bullish trends from technical settings to improving institutional demand, which can lead it to a psychologically important limit of $ 2,000.
Ethereum heads to $ 2000?
ETH has shown a significant momentum over the past week, collecting about $ 1,575 to about $ 1,830 from $ 1,575 at the time of writing. This nearly 20% growth has revived the feelings of bullish throughout the market.
According to technical analysts, this recent rise may be the beginning of a greater move. In the X post, the analyst shared Kiran Gadakh 12-hour ETH chart, noting that if ETH confirms a 4-hour candle marked by a red line-this may soon target 2000 dollar level.
At the same time, the inflow of the Ethereum Spot Exchange font (ETF) is gaining momentum. Data Sosvovaluse showed that ETH Spot ETFs saw over $ 64 million on April 28 alone. Moreover, the week, which ended on April 25, celebrated the first time since February 2025 that ETH ETF experienced a positive weekly network.
Currently, the net assets collected in the US ETH Spot ETF $ 6.20 billion, accounting for about 2.87% of the ceiling of the total market. At the same time, the cumulative net inflow of ETFs has reached $ 2.47 billion – a clear sign of growing institutional interest.
Further support of the Ethereum Bullish case is an increase in institutional demand. Coinshares data He revealed that ETH investment products attracted $ 183 million into a net in the net last week. This violates the eight -week consecutive outflow stripe, which refers to the potential shift of investors.
The ecosystem of the Decentralized Finance (Defi) of Ethereum also sees recovery. According to Defilma, the total value of Def Platforms in Ethereum (TVL) has jumped from April 22 to more than 10%, now sitting $ 51.67 billion.
That is not completely out of the forest
Despite this promising Data, not everyone is convinced that Ethereum is out of the forest. Crypto analyst Nebraskangoner described ETH's recent price activity as “sloppy”. He noted:
Sloppy price. The fact that it tends to be higher and rejects the increasing volume makes me think that it falls back into this support zone.
Still, decline ETH stocks during shifts encourage speculation about possible supply presses. If this trend continues, it may give ETH the right momentum to spoil $ 2,000 and maintain a higher level. During the press, ETH trades $ 1819, which is 3.5%in the last 24 hours.
Highlighted Picture from Usplash.com, X and TradingView.com
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