After several months of down pressure, Etherrium (ETH) can finally raise the next major movement up. The second largest cryptocurrency due to market capitalization seems to receive some optimistic trends from technology settings to institutional demand, which can be pursued for a psychologically significant $ 2,000.
Is Ether Lee for $ 2,000?
The ETH has shown a remarkable momentum over the past week, and gathered at about $ 1,830 at the time of writing at about $ 1,575 on April 22. This 20%increase has been rebounded throughout the market.
Technical analysts believe that this can be the beginning of a bigger movement. In the X post, the analyst Kiran Gadakh shared the 12 -hour ETH chart. If the ETH checks the 4 -hour candle on the resistance, it can be displayed in a red line. target $ 2,000 level.
At the same time, the inflow of ETF (Ethereum Spot Exchange-Traded Fund) is obtained. data In Sosovalue, ETH Spot ETFS has seen more than $ 64 million in the April 28 alone. Moreover, in the week, which ends on April 25, the ETF has experienced a positive weekly inflow for the first time since February 2025.
Currently, the total net assets held by US ETH SPOT ETF are $ 62 billion, accounting for about 2.87%of Ether Leeum’s total market cap. Meanwhile, the cumulative net influx of ETFs reached $ 24.7 billion.
The optimistic event of Ether Lee is further increasing institutional demand. Coin Shore data ETH investment products have attracted $ 180 million in net inflow last week. This suggests the potential change of investor feelings by breaking the leak of eight consecutive weeks.
Ether Leeum’s Distributed Finance (Defi) ecosystem is also reviving. According to Defillama, the total value lock (TVL) of the Ethereum -based Defi platform has increased by more than 10% since April 22, reaching $ 51.7 billion.
ETH is not completely out of the forest
nevertheless Promising Data, not everyone is convinced that Ether Lee is out of the forest. Nebraskangooner, an encryption analyst, described ETH’s recent price behavior as “sloppy.” He was noted:
Classic price behavior. The fact that this violates the resistance and refuses to increase the volume makes it think that it will return to the support area below.
yet, Reducing ETH reserves for exchanges are causing speculation on potential supply pressure. If this trend continues, the ETH can offer the driving force needed to violate $ 2,000 and maintain a higher level. In the press time, ETH has increased 3.5% to $ 1,819 over the last 24 hours.
The main image of unsplash.com, X and TradingView.com charts
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