Ethereum has formed a range between $2,380 and $2,530, aligned with the April high at $2,466. In August, ETH rallied 41% from $1,820 to $2,567. Since August 12, spot Ethereum ETFs recorded net inflows of $1.736 billion, and 116,000 ETH (approximately $300 million) were withdrawn from exchanges in two days. The taker buy/sell ratio stands at 1.11, signaling buyer dominance and an imminent bullish breakout above $2,530. The next resistance zone to watch is between $2,900 and $3,000, while a breakdown below $2,380 would indicate bearish reversal.
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