On April 29th, Cointelegraph analyst Nancy Lubale said that the recovery in demand for Ethereum spot ETF, the increase in on-chain activity, and the bullish pattern on the technical front may push ETH to break through the next key resistance level of $2,000. On April 28th, the total net inflow of Ethereum ETF reached $64.10 million.
Previously, for the week ending April 25, Ethereum ETF net inflows totaled $151.70 million, the highest level since February 2025. Reflecting the growth in institutional demand. Ethereum network TVL surpassed $51.80 billion, growing by about 16% in the last seven days. Ethereum's DEX daily volume grew by over 30% in the past week, reaching $1.65 billion. Also, although the ETH/USD pair encountered resistance at $1,860, it is very likely to resume its upward momentum, as the chart shows a typical bullish pattern.
Analysts: The recovery in demand for Ethereum spot ETFs and the increase in on-chain activity may push ETH to break through the key resistance of $2,000
2025-04-29 13:51:09
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