BlockBeats News, April 29th, Cointelegraph analyst Nancy Lubale stated that the Ethereum spot ETF demand rebounded, on-chain activities increased, and a bullish technical outlook may propel ETH to break through the next key resistance level of $2000.
On April 28th, the net inflow of Ethereum ETFs reached a total of $64.1 million. Previously, as of the week ending April 25th, the net inflow of Ethereum ETFs totaled $151.7 million, reaching the highest level since February 2025, reflecting institutional demand growth. Ethereum's network TVL exceeded $51.8 billion, increasing by approximately 16% in the past seven days. Ethereum's DEX daily trading volume surged over 30% in the past week, reaching $1.65 billion. Furthermore, despite facing resistance at $1,860, ETH/USD is likely to resume its upward trend as the chart displays a typical bullish pattern.
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