Ethereum Stuck Between $2,350 and $2,600 Amid Institutional Buying

Ethereum's price has been trading near $2,501.13, up 0.50% on the four-hour candle, within a rising channel that it broke into in mid-August from around $1,900.

The Ethereum price analysis suggests that as long as ETH holds above $2,485, it remains within the range of $2,600, and if lost, risks a slide towards $2,418.

For the past three weeks, ETH has been chopping between roughly $2,350 and $2,600, testing the top of that range twice without closing above it either time.