Ethereum ETF Demand and Strong Activity May Propel ETH Price Towards $2,000 Breakout

• Renewed interest in Ethereum ETFs, strong on-chain metrics, and a bullish chart setup are stoking optimism about ETH reaching $2,000 soon.

• Institutional demand is on the rise as Ethereum ETFs post significant inflows, reflecting growing confidence among traditional finance players.

• “With increased buying pressure, Ethereum’s price potential is high,” noted Kiran Gadakh in a recent analysis.

Ethereum’s price revival is supported by ETF demand, robust on-chain activity, and a bullish technical setup hinting at a potential breakout above $2,000.

Ethereum ETF Demand Surges

Recent metrics illustrate that Ether is gaining momentum, bolstered by a resurgence in institutional demand indicated by substantial inflows into spot Ethereum exchange-traded funds (ETFs). These inflows reached a notable $64.1 million on April 28, contributing to an impressive weekly total of $151.7 million — the highest since February 2025.

Moreover, Ethereum recorded net inflows of $183 million into investment products, reverting an earlier trend of eight consecutive weeks of outflows, according to CoinShares. This resurgence signals a renewed confidence in Ethereum among institutional investors, a sentiment echoed by CoinShares’ head of research, James Butterfill:

“We believe concerns over the tariff impact on corporate earnings and the dramatic weakening of the US dollar are why investors have turned toward digital assets, which are being seen as an emerging safe haven.”

Such institutional buying pressure helps absorb available supply, creating upward momentum for Ether’s price as demand outstrips supply.

Strong Ethereum On-Chain Activity

Ethereum continues to lead as the dominant layer-1 blockchain, boasting over $51.8 billion in total value locked (TVL), as per data from DefiLlama. Over the past week, Ethereum’s TVL has surged approximately 16%, indicating robust network activity. Aave, Lido, EigenLayer, and Ether.fi have all contributed to this growth, with TVL increases of more than 12% over the last week.

Despite facing competition, Ethereum’s TVL growth remains superior compared to other networks, with the exception of SUI, which saw an extraordinary 47% increase. Additionally, Ethereum’s decentralized exchange (DEX) volumes rose over 30% to approximately $1.65 billion weekly, showcasing the network’s recovering trading activity.

ETH Price Bull Flags Point to $2,100

As the ETH/USD pair navigates through current resistance levels, the technical landscape suggests a strong likelihood of resuming its uptrend. The recent price action has created a classic bullish pattern known as a bull flag on the four-hour chart. The potential for upward movement becomes significant if a four-hour candlestick closes above the flag’s upper boundary near $1,800.

The anticipated price target derived from the flagpole’s height suggests an ascent towards $2,100 — approximately a 15% increase from current levels. Additionally, the relative strength index (RSI) remains positive, indicating favorable market conditions for continued upward momentum.

Cointelegraph has further reported that ongoing demand around the $1,700 area is expected to fortify support, potentially driving ETH to further highs, potentially reaching $2,500.

Conclusion

In summary, Ethereum is showcasing signs of a bullish resurgence supported by increasing ETF demand, strong on-chain metrics, and a bullish chart pattern. With the network’s robust fundamentals and positive market sentiment, the path towards $2,000 appears increasingly plausible, giving investors confidence in Ethereum’s position within the broader cryptocurrency market.