Ethereum Holds $2,492 but Risks Drop Toward $2,155 if BTC Slides

Ethereum (ETH) is trading near $2,492, showing weakness as it clings to the lower end of its established range. The price has repeatedly failed to break above $2,800, a key resistance aligned with the anchored VWAP from its ETF listing, indicating a distributive pattern—a potential sign of a bearish trend.

Analysts warn that if Bitcoin (BTC) drops or ETH loses current support, a deeper decline toward $2,155 is likely. ETH has been trading in a wide range between $2,155 and $2,800, but recent price action shows lower highs and increasing selling pressure, especially near resistance.

The market’s next move hinges on how ETH reacts to support around $2,450–$2,480. If BTC weakens further, ETH could underperform and break down sharply. Traders are closely watching for either a bounce from support or a drop toward the $2,155 weekly level.