Ethereum Price Trapped in Tight Range Despite Record ETF Inflows

Ethereum’s price has remained remarkably stable for six weeks, hovering around $2,530 despite experiencing volatile intraday swings. This consistent holding is attributed to record-high Ethereum-based exchange-traded fund (ETF) inflows. However, this stability has not translated into a significant price breakout, leaving market observers uncertain about its direction. 6-week range highlights the hesitance in the market as volatility remains high, with weekly candles showing only a narrow 3% change.