Ethereum settled into a tight horizontal consolidation range as yield managers weighed layer-2 staking stability against broader macroeconomic interest rate expectations ahead of upcoming Federal Reserve minutes.

Staking Inflows Balance Spot Exchange Supply Outflows

Net staking deposits across validator pools increased significantly over the past 24 hours, offsetting mild exchange spot selling. Order book imbalances remain neutral, reflecting market equilibrium between institutional buyers and profit-taking sellers.

Layer-2 Transaction Volumes Maintain Stable Base Revenue

Decentralized exchange activity across Arbitrum, Optimism, and Base continues to generate steady gas burns, providing a stable fundamental floor despite muted spot price action.

Outlook: Breakout or Breakdown Awaited

Ethereum remains strictly range-bound between key horizontal levels. A decisive breakout above upper resistance is required to confirm bullish continuation, while a loss of lower support would signal further downside testing.