Analyst: The recovery in demand for Ethereum spot ETFs, increased on-chain activity, and other favourable information may drive ETH to break through the key resistance of 2000 USD.

2025-04-29 13:47:53

BlockBeats news, on April 29, Cointelegraph analyst Nancy Lubale stated that the demand for Ethereum Spot ETF is recovering, on-chain activity is increasing, and the bullish technical pattern may drive ETH to break through the next key resistance level of 2000 USD. On April 28, the total net inflow for Ethereum ETF reached 64.1 million USD. Previously, as of the week ending April 25, the total net inflow for Ethereum ETF reached 151.7 million USD, marking the highest level since February 2025, reflecting the growth in institutional demand. The Ethereum network’s TVL exceeded 51.8 billion USD, growing by approximately 16% over the past seven days. The daily trading volume of Ethereum’s DEX has increased by over 30% in the past week, reaching 1.65 billion USD. Additionally, despite ETH/USD facing resistance at 1,860 USD, it is very likely to regain upward momentum, as the chart shows a typical bullish pattern.

ETH-0,12%

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