Analyst: Rising Demand for Ethereum Spot ETF and Increased On-Chain Activity May Push ETH Past the $2,000 Key Resistance

April 29 news, Cointelegraph analyst Nancy Lubale stated that the rising demand for Ethereum spot ETF, increased on-chain activity, and bullish technical patterns might push ETH past the next key resistance level of $2,000. On April 28, the total net inflow of Ethereum ETF reached $64.1 million. Previously, for the week ending April 25, the total net inflow of Ethereum ETF reached $151.7 million, the highest level since February 2025, reflecting growth in institutional demand. The Ethereum network's TVL exceeded $51.8 billion, increasing by approximately 16% over the past seven days. Ethereum's DEX daily trading volume grew by over 30% in the past week, reaching $1.65 billion. Furthermore, although the ETH/USD pair encountered resistance at $1,860, it is likely to resume its upward momentum, as the charts show a typical bullish pattern.