Ethereum’s price recently broke through resistance at $1,860 before encountering some hesitation, setting up a potential move towards $2,000. Several factors point to this bullish scenario. Institutional investors are increasingly interested in Ethereum thanks to significant inflows into exchange-traded funds (ETFs) and investment products. This surge in demand, coupled with robust network activity on the Ethereum blockchain, is driving strong price action. Analysts highlight that $2,000 could be within reach if Ethereum successfully breaks through current resistance levels. A bull flag pattern suggests a potential rise to $2,100. Ethereum’s TVL remains strong, highlighting its continued popularity in DeFi applications. A notable increase in DEX volume also supports bullish sentiment, indicating increasing liquidity and activity.