#ETH At the current price of 2420, ETH is still moving in tandem with BTC. Its rebound has been weaker than BTC’s, and without an independent positive catalyst, it has yet to break out on its own. In the short term, it is sitting right at the boundary between resistance and support.

The first resistance above is the 2480-2510 range, where underwater positions from earlier and short-term profit-taking orders have accumulated. To open up more upside, BTC needs to hold above around 81800 on strong volume, while ETH also breaks through this range on strong volume. Otherwise, ETH could easily meet resistance here and pull back. The nearest support below is around 2370, a key level that will determine whether this rebound remains strong. A decisive break below it would weaken the short-term rebound structure and could lead to a test of support near 2300.

In terms of volume, buying pressure has continued to fade after this latest move higher, and buyers have not provided firm support. Indicators are also in neutral territory, with no clear bullish signal. DeFi and on-chain activity have yet to show a meaningful recovery, and capital remains concentrated mostly in BTC, leaving ETH in a passive catch-up rally. The direction from here depends entirely on BTC. Until BTC gives a clear breakout or breakdown signal, ETH should be treated as range-bound. It is not suitable for aggressively chasing longs on its own. It would be much safer to wait for BTC to establish a direction and then follow its lead in ETH.