From Cointelegraph

April 29, 2025 09:33 AM:

Key takeaways: Strong Ethereum ETF inflows signal high institutional demand. Ethereum’s $51.8B TVL and 30% DEX weekly volume rise show robust network strength. Bull flag pattern on ETH’s four-hour chart targets $2,100. ETH price hits new high at $1,860 on April 28, needs to hold above $1,800 for further gains. Analysts predict $2,000 ETH soon, but caution on high volume rejection at $1,800. Institutional buying creates upward pressure on Ether’s price.

Ethereum ETF demand returns with significant inflows totaling $64.1 million on April 28. Net inflows of $183 million into Ethereum investment products last week, ending eight-week outflow streak. Resurgent institutional demand reflects growing confidence in digital assets as a safe haven. Institutional buying absorbs available supply, supporting Ether’s price.

Strong Ethereum onchain activity with $51.8 billion TVL on network, 16% increase in last seven days. Ethereum towers above rivals in TVL growth, with Aave, Lido, EigenLayer, and Ether.fi seeing notable increases. Daily DEX volumes up over 30% to $1.65 billion, but lower than SUI and Solana. Ethereum network shows robust growth compared to competitors.

ETH price bull flags targets $2,100 with classic bullish pattern on four-hour chart. Flagpole’s height sets target price at $2,100, suggesting 15% increase. Relative strength index moving positively, indicating favorable market conditions for upside. Increased demand from $1,700 area should support ETH price to reach $2,110, potentially hitting $2,500.

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1. Bitcoin hits new record high of $60,000, driven by increased institutional interest and mainstream adoption. The cryptocurrency’s market cap surpasses $1 trillion for the first time, making it a major player in the financial world.

2. Ethereum reaches all-time high of $2,000, fueled by growing demand for decentralized finance (DeFi) applications. The second-largest cryptocurrency by market cap continues to gain popularity among investors.

3. Tesla announces $1.5 billion investment in Bitcoin, causing the cryptocurrency’s price to surge. The electric vehicle company also plans to accept Bitcoin as payment for its products in the near future, further legitimizing digital currencies in the mainstream market.: Ethereum price has several reasons to break $2,000 next