ETH price has recently been stuck in a range below $2,500, despite ongoing positive inflows into spot Ether exchange-traded funds (ETFs). Institutional demand appears to be rising, as evidenced by Glassnode data showing seven consecutive weeks of inflows. However, a significant withdrawal of 95,920 Ether from two wallets, with over 62,000 deposited in exchanges, raises concerns about potential sales. Analyzing recent price movements, Ether has traded between the 50-day simple moving average ($2,528) and support at $2,323. A breakout above the 50-day SMA could lead to a rise towards $2,738 or even $2,879, while failure to maintain above support might see prices drop to $2,111. The current chart indicators suggest ongoing consolidation with no clear directional bias for buyers or sellers.

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