Ethereum is currently following Bitcoin, but it’s weaker. The typical pattern is: “When Bitcoin rises, it follows; when Bitcoin falls, it drops even harder.” The current price is roughly $2,320–$2,350. Recently, it has been grinding back and forth in the $2,310–$2,390 range, with no independent trading action.

Briefly summarize the current situation

- Technicals: Short-term is relatively weak. $2,310 is a key support level. If it breaks, it could move to $2,280 or $2,250. The first resistance overhead is at $2,370–$2,390. Only if it holds there will there be room for a rebound.
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- Fundamentals: There are ETF fund inflows, and the staking ratio is high (about 30%), which provides long-term support. However, short-term DeFi and NFT interest is average, with no strong positive catalysts.
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- Correlation: It’s entirely dependent on how Bitcoin performs. If Bitcoin can’t hold the $80,000 level, Ethereum is unlikely to have an independent rebound.

Trading advice (more conservative)

- Position: Use a small position with idle funds. No leverage, no going all-in. Keep total exposure within 20%.
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- Buy the dip: If it pulls back to the $2,280–$2,310 range, enter in batches, with a stop-loss at $2,250.
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- Take profit: If it rebounds to $2,370–$2,390 and hits resistance, reduce your position—don’t get greedy.
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- Breakout: If Bitcoin holds above $82,000 and Ethereum breaks through $2,400 on increased volume, you can chase with a light position, targeting $2,500–$2,600.$ETH ‌