According to BlockBeats, on April 29, Cointelegraph analyst Nancy Lubale said that the recovery in Ethereum spot ETF demand, increased on-chain activity, and a technical bullish pattern may push ETH beyond the next key resistance level of $2,000. On April 28, the total net inflow of Ethereum ETFs reached US$64.1 million. Previously, the total net inflow of Ethereum ETFs reached US$151.7 million in the week ended April 25, the highest level since February 2025. Reflects the growth in institutional demand. Ethereum Network TVL has exceeded $51.8 billion, up about 16% in the past seven days. Ethereum's daily DEX trading volume has increased by more than 30% in the past week to $1.65 billion. Additionally, despite resistance at $1,860, the ETH/USD pair is likely to resume upward momentum as the chart shows a typical bullish pattern.