Several reasons why the price of Ethereum (ETH) will break through 2000 dollars next.

Source: Cointelegraph Original text: "Several reasons why the price of Ethereum (ETH) will break through $2000 next."

Key points:

The price of Ethereum rose to a new range high of $1860 on April 28, marking its highest value since April 2.

Multiple analysts believe that the ETH price needs to stay above $1800 to increase the chances of further upward movement.

Trader Kiran Gadakh stated in a post on platform X on April 29: "Once ETH confirms a four-hour close above the resistance level ($1,800), ETH and other altcoins will finally welcome their glorious moment."

Analyst Nebraskangooner believes that if ETH faces high trading volume rejection at the $1800 level, it may pull back to test the support level around $1600.

Multiple data indicators suggest that Ethereum is expected to break through $2000 in the coming days or weeks.

One factor supporting the bullish trend for Ethereum is the recovering institutional demand, reflected in the significant inflow of funds into spot Ethereum exchange-traded funds (ETFs).

On April 28, the net inflow of Ethereum ETFs reached $64.1 million. This was during the week ending April 25, when the total inflow of funds reached $151.7 million, marking the highest level since February 2025.

According to a report by CoinShares, last week the net inflow of Ethereum investment products was $183 million, ending eight consecutive weeks of outflows and further driving an increase in institutional demand.

This trend reflects the growing confidence of traditional financial participants, as market analysts like CoinShares Research Director James Butterfill point out:

"We believe that investors are turning to digital assets due to concerns about the impact of tariffs on corporate profits and the sharp depreciation of the dollar, with these assets seen as an emerging safe haven."

Institutional purchases apply upward pressure on the price of Ethereum by absorbing available supply.

According to data from DefiLlama, Ethereum remains the undisputed top Layer-1 blockchain, with a total value locked (TVL) on the network exceeding $51.8 billion. The chart below shows that Ethereum's TVL has increased by approximately 16% over the past seven days.

Aave has performed particularly strongly in Ethereum deposits, with TVL increasing by 13.5% over the past seven days. Other significantly growing projects include Lido (12%), EigenLayer (13%), and Ether.fi (12%).

Compared to other top networks, the Ethereum network has far surpassed its competitors in terms of TVL growth on a daily and weekly timeframe, with the exception of SUI, which saw a 47% increase in TVL over the past seven days.

The daily DEX trading volume of Ethereum has increased by over 30% in the past week, reaching $1.65 billion. However, this figure is significantly lower than the 78% and 44% growth seen in SUI and Solana, respectively.

Despite the rejection at $1860, the ETH/USD trading pair still has a good chance to regain upward momentum, as the chart shows a classic bullish pattern.

Ethereum's price action over the past week has formed a bull flag pattern on the four-hour chart. On April 29, the four-hour candlestick closed above the flag's upper boundary at $1800, suggesting the beginning of an upward trend.

The height of the flagpole sets the target, with Ethereum's price expected to rise to $2100, an increase of about 15% from the current price.

Another bullish indicator is the Relative Strength Index (RSI), which is currently moving in the positive range at 60, indicating that market conditions remain favorable for an upward trend.

As reported by Cointelegraph, the increased demand from the $1700 region (20-day simple moving average) should provide a solid foundation for the ETH price to reach the $2110 level, potentially eventually touching $2500.

Related recommendations: MEGA '25: How Trump will "Make Ethereum (ETH) Great Again" in 2025

This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.