Amid the volatility that characterizes the cryptocurrency market, Ethereum (ETH) stands out with a bullish trend that brings it closer to the symbolic level of $2,000. What factors are behind this momentum? We analyze the keys that could lead ETH to surpass this resistance and project towards new targets.
1️⃣The Return of Institutional Money:
The interest of large investors in Ethereum has returned with strength. According to recent data, institutional products linked to ETH (such as ETFs) recorded inflows of $183 million in a week, marking the end of eight consecutive weeks of capital outflows. Two milestones stand out:
- $64.1 million entered on April 28 alone.
- The week of April 25 accumulated $151.7 million, the highest figure since February.
This flow reflects a recovery of confidence in Ethereum, especially in a context where some analysts see the US dollar as a 'weakened' asset, leading investors to seek alternatives like ETH.
2️⃣Ethereum Shows Strength in its Ecosystem:
Beyond the price, the Ethereum network shows strong signals
- TVL (Total Value Locked): Increased by 16% in a week, reaching $51.8 billion. Protocols such as Aave, Lido, and EigenLayer are leading this growth.
- Volume on DEXs: Decentralized platforms based on ETH recorded $1.65 billion in transactions (+30% weekly). Although chains like Solana are growing faster, Ethereum still dominates in absolute volume.
These data suggest that the ecosystem not only attracts capital but also real use, a key pillar for sustaining a bullish trend.
3️⃣The Technical Signal Everyone is Watching:
On the 4-hour charts, Ethereum has formed a pattern known as a bullish flag, a figure that often anticipates upward breakouts. If confirmed, this pattern could project ETH towards $2,100, a 15% increase from its current price.
Additionally, the RSI (Relative Strength Index) remains at 60, a neutral zone that leaves room for more gains without indicating overbought yet.
4️⃣Risks to Consider:
Although the outlook is optimistic, the crypto market remains unpredictable. Key levels to watch:
- Resistance at $2,000: Its breakout could accelerate the path towards $2,100 and even $2,500, according to some analysts.
- Critical support at $1,800: A drop below this level could trigger short-term corrections.
Macroeconomic factors, such as possible changes in the Fed's monetary policy or regulations, could also influence.
Is ETH on the Rise?
Ethereum combines three key ingredients today: renewed institutional interest, robust on-chain metrics, and a favorable technical scenario. If it manages to consolidate above $2,000, the path towards new highs in 2025 seems clearer. However, in a market where volatility is law, caution remains essential.