Ethereum price has several reasons to break $2,000 next. Strong Ethereum ETF inflows signal high institutional demand as Ethereum’s $51.8B TVL and 30% DEX weekly volume rise show robust network strength. A bull flag pattern on the ETH’s four-hour chart targets $2,100. Ether’s (ETH) price rose to a new range high at $1,860 on April 28, its highest value since April 2. Several analysts argue that the ETH price needs to hold above $1,800 to increase the chances of rising higher. Popular analyst Nebraskangooner opined that if ETH faces high volume rejection from the $1,800 level, it might drop to test support levels around $1,600. Ethereum ETF demand returns as significant inflows into spot Ethereum exchange-traded funds (ETFs) are observed. On April 28, Ethereum ETFs saw a net inflow totaling $64.1 million, following inflows totaling $151.7 million during the week ending April 25. Institutional buying creates sustained upward pressure on Ether’s price by absorbing the available supply. Strong Ethereum on-chain activity is back with more than $51.8 billion in total value locked (TVL) on the network, reflecting Ethereum’s dominance in the market. Ethereum’s daily DEX volumes have increased by more than 30% over the last week, reaching $1.65 billion. The ETH/USD pair has a good chance of resuming its upward momentum despite the rejection at $1,860, as a classic bull flag pattern emerges. The flagpole’s height sets the target at $2,100, projecting a 15% increase from the current price. The relative strength index also suggests favorable market conditions for further upside. Increased demand from the $1,700 area should serve as a foundation for ETH price to reach $2,110, eventually targeting $2,500. This article highlights the potential reasons behind Ethereum’s price surge, emphasizing the strong institutional demand and network activity driving the bullish momentum.