Ethereum broke its range and is heading toward the weekly level of $2,155 with high selling pressure.
Altcoin leverage increased sharply, and the price reacted fast as thin volume left little support in the zone.
The market now watches the $2,155 level, which has become the main spot for the price to find a possible short-term floor.
Ethereum (ETH) has broken down from its value range and is now trading near $2,385, moving toward a key target of $2,155. Market data shows a loss of 1.51% within the last 24 hours, triggering heightened concern among traders. This shift follows several failed attempts to reclaim the anchored VWAP from the ETF listing high, near the $2,800 region.
Source: X
The recent move has marked a significant shift in sentiment, supported by low-volume breakouts and accelerated downside pressure across spot and derivatives. Despite a previously well-balanced distribution in price action, Ethereum has entered a thin volume area, which has invited sharper and faster price movements.
Amid growing bearish momentum, many now ask: will Ethereum reach the long-watched $2,155 weekly level before finding new support?
Rising Leverage Exposes Market to Steep Drops
Analysts cite creeping altcoin leverage as a major risk factor, particularly as ETH leverage sits at historic highs. This leverage surge coincided with bullish narratives around staking and ETF approval hopes, driving speculative positioning higher.
At the same time, ETHBTC has failed to maintain upward traction, revealing a broader underperformance relative to Bitcoin. The ETHBTC downtrend has remained intact, limiting ETH’s ability to recover or lead the market. Traders now monitor Bitcoin dominance for additional cues, as ETH continues to trade at the lower end of its volume profile.
Furthermore, every short-term rally has been met with aggressive selling and leverage liquidation, reinforcing the bearish setup. With liquidity thin above the current range, there’s little resistance preventing further downside to the $2,155 weekly level.
Thin Volume Triggers Swift Decline Toward Key Support
The chart shows a clean rejection from the VWAP anchored from the ETF listing high, reinforcing a ceiling around the $2,800 zone. Each attempt to reclaim that level failed, leading to successive lower highs. As a result, ETH broke below the high-volume node support near $2,400.
Volume profile analysis reveals a void between $2,380 and $2,155, increasing the likelihood of a fast move downward. Price has moved quickly through this gap, confirming thin liquidity and reduced buy-side interest.
This rapid breakdown has prompted several traders to reduce their exposure or shift to neutral strategies. The area around $2,155 is now seen as a major inflection point. If this level fails to hold, the market may seek even lower support zones in the short term.
Caution Signals Amplify as Trend Weakens
Crypto analysts caution that while the ETHBTC downtrend could break one day, timing the exact bottom is not advised. They emphasize trend adaptation instead of prediction, urging traders to shift as market direction becomes clear.
Sentiment is notably defensive, with focus shifting to risk management rather than directional conviction. Current market activity is largely driven by spot orders followed by high-leverage chases, adding to volatility.
Traders are now reminded to prioritize structure and volume behavior rather than rely on speculative catalysts. Ethereum's price action remains reactive, not driven by fresh bullish fundamentals or sustained inflows.
