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Ethereum demand shows signs of recovery, ETF inflows put $2,000 support in focus

Ethereum is showing signs that buying interest is returning, with on-chain data and derivatives indicators pointing to a possible recovery in demand. Net taker volume has remained positive since March 6, and open interest has risen to 6.4 million ether, near a record high. Spot Ethereum ETFs recorded a $120 million net inflow on April 7. Analysts said the $1,800 to $2,000 zone is key support, with $2,400 a resistance level.