ETH Eyes $2K After Biggest ETF Inflow Week in Four Months
- Ethereum gained over 4% weekly as buyers defended the $1,840 to $1,850 support zone.
- ETH ETFs recorded $244.94 million in weekly inflows, marking a four-month high.
- A break above $1,925 could push Ethereum toward $1,950 and eventually $2,000.
Ethereum enters the weekend with renewed momentum and a clear target. ETH has climbed above $1,900 after gaining more than 4% this week. Strong ETF demand has added another layer of support for buyers. Weak US jobs data has also improved expectations around Federal Reserve policy. Now, traders are watching the $2,000 level closely. A sustained move above that barrier could strengthen Ethereum's recovery and attract fresh buying interest.
Ethereum Builds Momentum Toward $2,000
ETH currently trades around $1,910 to $1,918 after a steady weekly climb. Buyers have defended the $1,840 to $1,850 zone since August began. That support has prevented deeper declines and encouraged renewed buying. Ethereum now trades above several important daily moving averages. ETH remains above the 20-day average near $1,895. The token also trades slightly above the 100-day average near $1,911. Meanwhile, the 50-day average sits considerably lower at $1,796.
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