Ethereum at 2075, down another 1% today, slightly weaker than Bitcoin.

ETH/BTC exchange rate continues to decline, now at 0.0294. Ethereum's independent price action is nowhere to be seen—it's just following Bitcoin, and it falls harder when Bitcoin drops while rising slower when Bitcoin rises. This situation has persisted for several weeks.

On the 4-hour chart, ETH has been oscillating between 2061-2116 since yesterday, with only a 2.6% amplitude. Like BTC, it's entered a consolidation phase with declining volume.

Key levels—
Upside: 2116 (24-hour high) → 2200-2209 (previous double top zone, also bullish target)
Downside: 2061 (today's low) → 1900-1910 (if 2061 breaks, the next support is here)

Honestly, ETH has poor risk/reward right now. The weakening exchange rate indicates capital is flowing more toward BTC, and ETH's narratives (Dencun upgrade catalysts exhausted, L2 diversion, declining on-chain activity) are all bearish.

If you want to go long, you're better off trading BTC than ETH. Unless the exchange rate stabilizes and reverses, ETH is destined to fall with drops but lag on rallies.

Let's wait and see. Don't mess around over the weekend.

The above is just personal opinion and does not constitute investment advice. For futures trading, watch your position size and avoid getting liquidated by wicks. 👊$BTC ‌$ETH ‌