Key Takeaways:
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The powerful Ethereum ETF inflows signal high demand of the institutional.
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Ethereum’s $ 51.8B TVL and 30% Dex Weekly volume increase shows the stable network strength.
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A bull flag pattern in the four-hour ETH chart targets $ 2,100.
Ether (Eth) The price rose to a new range high at $ 1,860 on April 28, the highest value since April 2.
Many analysts argue that ETH prices have to hold above $ 1,800 to increase the likelihood of rising higher.
“When ETH confirms 4H close resistance ($ 1,800), ether and altcoins will finally get their time to shine,” businessman Kiran Gadakh Says In a post of April 29 in X.
“I feel it in my bones, $ 2,000 ETH to come quickly.”
Famous Analyst Nebraskangooneer has decided that if ETH faced a high decline from $ 1,800 levels, it could have dropped to test support levels around $ 1,600.
Ethereum ETF Demand returns
Many data metrics suggest that Ether is properly positioned to break to $ 2,000 in the following days or weeks.
One factor that supports Ether’s bull case is the resurrection of institutional demand, which is visible by Significant flow In Spot Ethereum Exchange-Traded Funds (ETFS).
On April 28, the Ethereum ETF saw a net inflow worth $ 64.1 million. It followed the flows worth $ 151.7 million on Sunday ending April 25, the highest since February 2025.
Increasing institution’s demand is strengthened by Net Inflows of $ 183 million In Ethereum’s investment products last week, ending an eight-week stripes of streams, as reported by Coinhares.
This trend reflects the growing confidence among traditional financial players, such as observed by market analysts such as CoinShares research leader, James Butterfill, mentioned:
“We believe that concerns about the impact of tariffs on corporate revenues and the dramatic weakening of the US dollar as to why investors turn to digital possessions, seen as an emerging safe shelter.”
Institutional purchase creates prolonged pressure on the ether price by absorbing the available supply.
Ethereum Onchain’s strong activity is back
Ethereum remains unquestionable top layer-1 blockchain with over $ 51.8 billion in Total amount that is locked (TVL) on the network, according to data from Defillama. The chart below shows that TVL of Ethereum has increased by approximately 16% in the last seven days.
AAVE is among the strongest performers in Ethereum deposits, with TVL rising 13.5% in seven days. Other well -known increases include Lido (12%), eigenlayer (13%), and ether.fi (12%).
Compared to other top-layer networks, the Ethereum Network Tower above its rivals in terms of TVL growth in the daily and weekly time frames, except for the SUI, which has seen a 47% increase in its TVL in the last seven days.
The Ethereum’s sun -day -day volume increased by more than 30% in the last week, up to $ 1.65 billion. However, it is significantly less than 78% and 44% increase in SUI and Solana, respectively.
Related: The leadership of the Ethereum Foundation is leading, dividing board and management
ETH price flags target $ 2,100
The ETH/USD pair has a good chance to continue the upward momentum despite the denial of $ 1,860, as the chart shows a classic bullish pattern.
Ether’s price action in the last week leads to a bull pattern In the four -hour chart, as shown in the figure below. A four -hour candle close to the upper bound of the flag at $ 1,800 on April 29 suggests starting an upward move.
The height of the flagpole sets the target, with the Ether projects rising to $ 2,100 or more than a 15% increase from the current price.
Another indicator of bullish is the Kaba -child of strength index, which moves within the positive region at 60, suggesting that market conditions are still favorable.
As cointelegraph reported.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
