Ethereum is showing bullish signs with a price rise to $1,860, driven by institutional demand and high on-chain activity. Significant ETF inflows totalled millions, indicating growing interest. A bullish chart pattern is suggesting potential price targets of up to $2,100. Analysts note the importance of ETH maintaining above $1,800 for continued upward movement.
Ethereum has good reasons to anticipate breaking the $2,000 mark soon. Key factors include burgeoning institutional demand marked by significant inflows into Ethereum exchange-traded funds (ETFs) and a solid rise in the total value locked (TVL) in the ecosystem, which now sits at a notable $51.8 billion. Moreover, analysts are spotting bullish patterns on the price charts indicating potential upward momentum.
The price of Ether (ETH) climbed to a new high of $1,860 on April 28; it’s the highest it’s been since early April. Experts suggest that if ETH maintains its position above $1,800, it could create a more favourable environment for further price increases. Trader Kiran Gadakh recently stated on X that the confirmation of a four-hour close above this resistance level is critical. He expressed optimism, predicting, “$2,000 ETH coming fast.”
However, not all analysts share that same optimism. Another popular voice, Nebraskangooner, warns that if ETH encounters significant volume rejections at the $1,800 mark, prices might regress, testing support around $1,600.
A surge in interest from institutional players is driving optimism for Ether breaking out towards the $2,000 threshold. It was reported that on April 28 alone, Ethereum ETFs recorded net inflows amounting to $64.1 million, with previous weeks showing inflows of $151.7 million, the highest since February 2025. Last week, Ether investment products saw net inflows of $183 million, showcasing a halt to weeks of outflows, as pointed out in CoinShares’ data. This movement is likely indicative of a shift in confidence among traditional investors, as per CoinShares’ head of research, James Butterfill, who believes that investors are seeking refuge in digital assets as concerns about economic stability rise.
Ethereum also shines with robust on-chain activity. It firmly retains its position as the leading layer-1 blockchain with over $51.8 billion in total value locked, according to DefiLlama. This represents around a 16% increase in TVL just over the past week. Aave topped the charts in Ethereum deposits with its TVL jumping up by 13.5%, while Lido, EigenLayer, and Ether.fi also revealed significant weekly increases.
Comparing to its competitors, Ethereum shows remarkable growth in terms of TVL, with only SUI showing a higher weekly increase of 47%. Meanwhile, daily DEX volumes for Ethereum have surged by over 30%, reaching $1.65 billion, although this remains below the larger spikes in the same period seen on networks like SUI and Solana.
Following recent price movements, the four-hour ETH/USD chart is indicating a bullish trend. The presence of a bull flag pattern hints at positive momentum, and if ETH manages to close above $1,800 on the 4-hour candles, it could signal a new upward move. The target is set around $2,100, suggesting a potential 15% increase from current levels.
Additionally, technical indicators like the relative strength index (RSI) suggest positive market conditions as it sits comfortably around 60, hinting that the upward trend might well continue. As reported by Cointelegraph, demand from the $1,700 range is expected to provide good foundational support for ETH, paving the way toward a target of $2,110 and potentially going as high as $2,500.
This article is for informational purposes only. It does not provide investment advice. Every trading decision carries risks, and readers are urged to carry out their own research before making any financial commitments.
