Ethereum Consolidates at $2,316 in Tight Range, Breakout Looms at $2,318

Ethereum trades at $2,316.88, stuck in a narrow $2,301–$2,330 range with mixed signals—bullish short-term above 1D EMA20 but capped by sideways Supertrend. From April 24's $2,312 sideways action with $2,289 support and $2,361 resistance, price edged up amid $96.4M ETF inflows and low $12.88B volume, tightening to test $2,296 support 4x while eyeing $2,318 resistance. BTC correlation (0.85) and Bybit-Aave loan add catalysts, but volume is key for breakout to $2,423–$3,000 or drop to $2,190–$1,747. Range-bound setup favors level-based trades.