Ether has recently encountered resistance at $1,860, needing to maintain above $1,800 for a potential breakout towards $2,000. Analysts emphasize that significant support at the $1,800 level is crucial. Institutional demand is evident, with Ethereum ETFs seeing inflows of $64.1 million on April 28, indicating renewed confidence from traditional finance stakeholders. Moreover, Ethereum's total value locked (TVL) stands at $51.8 billion, reflecting a strong growth trajectory in on-chain activity, with an impressive rise in daily decentralized exchange (DEX) volumes over the past week. A bullish flag pattern on Ethereum’s four-hour chart suggests a target price of $2,100, while the relative strength index also supports an upward trend. Increased institutional buying is expected to support price growth, allowing for targets of $2,110 to potentially reach $2,500 in the near future. Overall, the combination of technical indicators and strong network fundamentals positions Ethereum favorably for a price increase.

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