Ethereum price prediction: Will $2,338–$2,380 range hold? ETH trades flat

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Ethereum rises 0.58% to $2,328.58 today

Highlights

The Ethereum Foundation sold 10,000 ETH OTC for $23.9 million, signaling institutional fundraising activity after strong inflows.
Ethereum-linked ETFs saw $75 million in outflows despite stable active supply and DeFi activity anchoring network fundamentals.
ETH trades in a $2,200–$2,380 range amid mixed technical signals, with sideways to slightly bearish price action expected near term.

OTC sale and ETF outflows drive market recalibration as supply remains steady

The Ethereum Foundation conducted a major OTC sale of 10,000 ETH, valued at $23.9 million, to fund its operations. Meanwhile, Ethereum-linked ETFs saw $75 million in outflows after a record run of institutional inflows, and on-chain data shows ETH trading near its Realized Price of approximately $2,340. The circulating supply is stable around 120 million ETH with no net token inflation, while DeFi activity continues to support fundamentals.

Mixed momentum signals as support forms near short-term moving average

ETH is currently above the MA-20 at $2,293.05 and MA-50 at $2,173.10, with the MA-200 much higher at $2,791.06. The Ichimoku Kijun level at $2,238.78 has emerged as immediate support, while the top of today's range reaches $2,334.47. Momentum indicators show a mix of signals: D1 MACD gives a strong buy, RSI is bullish at 54.82, yet the ADX at 17.34 reflects a weak trend. Stoch RSI is in oversold territory, CCI is neutral, and BBP indicates intraday buyer dominance; the Awesome Oscillator remains indecisive.

Sideways trading expected as upside risks remain capped

Over the next five trading days, ETH is expected to fluctuate between $2,200 and $2,380, reflecting its typical volatility band relative to current levels. The probability of additional upside is low, with sideways movement within this range more likely. A sustained move above $2,380 could invite renewed buying, but a drop below $2,200 would expose ETH to further declines.

Viktoras Karapetjanc, expert at Traders Union, sees Ethereum maintaining positive momentum above key averages despite recent ETF outflows. He believes stable fundamentals, a controlled supply, and ongoing DeFi activity provide support, even as volatility persists in the short term. The analyst expects ETH to stay within the $2,200–$2,380 band while keeping a slight bullish bias as long as current supports hold. "While the upside may be modest, I see conditions in place for ETH to base and build for further strength within its range," he says.

Earlier, analysts noted that Ethereum was mired in sideways consolidation as competing momentum and exhaustion signals kept directional conviction low amid ongoing institutional and regulatory developments. The current landscape, marked by reduced ETF inflows and a significant Foundation sale, reinforces this ranging bias, making price stability above $2,200 the pivotal level for traders to monitor in the days ahead.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.