Ethereum price has several reasons to break $2,000 next. Strong Ethereum ETF inflows signal high institutional demand as Ethereum\u2019s $51.8B TVL and 30% DEX weekly volume rise show robust network strength. A bull flag pattern on the ETH\u2019s four-hour chart targets $2,100. Ether\u2019s (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\u2019s 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\u2019s 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\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price has several reasons to break $2,000 next. Strong Ethereum ETF inflows signal high institutional demand as Ethereum\u2019s $51.8B TVL and 30% DEX weekly volume rise show robust network strength. A bull flag pattern on the ETH\u2019s four-hour chart targets $2,100. Ether\u2019s (ETH) price rose to a new range high at $1,860 on April […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/119501"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=119501"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/119501\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=119501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=119501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=119501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}