Analyst: Ethereum Spot ETF Demand Revival, Increased On-Chain Activity, and Other Positive Factors Could Drive ETH Beyond the Key $2000 Resistance

On April 29th, Cointelegraph analyst Nancy Lubale pointed out that the demand for Ethereum spot ETF rebounded, on-chain activities witnessed an increase, and a bullish technical outlook might drive ETH to break through the next crucial resistance level of $2000. On April 28th, the net inflow of Ethereum ETFs reached a total of $64.1 million. Previously, by the end of the week on April 25th, the net inflow of Ethereum ETFs amounted to $151.7 million, hitting the highest level since February 2025, which reflected the growth of institutional demand. Ethereum's network TVL exceeded $51.8 billion, with an approximate 16% increase in the past seven days. Ethereum's DEX daily trading volume surged by more than 30% in the past week, reaching $1.65 billion. Additionally, although facing resistance at $1,860, the ETH/USD is likely to resume its upward trend as the chart shows a typical bullish pattern.