Ethereum Rebounds: Spot ETF Demand and Bullish Outlook Position ETH for Breakthrough Above $2000

In a recent report by COINOTAG, Cointelegraph analyst Nancy Lubale highlighted a notable resurgence in **Ethereum** ETF demand, signaling renewed investor interest in the asset class. As of April 28th, net inflows for Ethereum ETFs surged to **$64.1 million**, building on the previous week’s inflow of **$151.7 million**, the highest since February 2025, indicating a robust uptick in **institutional participation**. Furthermore, Ethereum’s total value locked (**TVL**) surpassed **$51.8 billion**, reflecting a **16% increase** in just one week. The asset’s decentralized exchange (**DEX**) trading volume also exhibited a staggering **30% rise**, reaching **$1.65 billion**. Despite encountering resistance at the **$1,860** mark, technical indicators suggest that **ETH/USD** may continue its upward trajectory, showcasing a favorable bullish pattern as investor sentiment strengthens. The current landscape underscores Ethereum’s resilient positioning amid fluctuating market conditions.