Analyst: Positive factors such as the rebound in demand for Ethereum spot ETFs and increased on chain activity may drive ETH to break through the key resistance of $2000

According to BlockBeats, on April 29th, Cointelegraph analyst Nancy Lubale stated that the rebound in demand for Ethereum spot ETFs, increased on chain activity, and a bullish technical outlook may push ETH to break through the next key resistance level of $2000. On April 28th, the net inflow of Ethereum ETF reached $64.1 million. Previously, as of the week ending April 25th, the net inflow of Ethereum ETFs reached $151.7 million, the highest level since February 2025. Reflecting the growth of institutional demand. The Ethereum network's TVL has exceeded 51.8 billion US dollars, with an increase of approximately 16% in 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. In addition, although the ETH/USD pair encountered resistance at $1860, it is highly likely to regain upward momentum as the chart shows a typical bullish pattern.