If I remember correctly the '92 Cadillacs have the resistor pellet in the key. Because you already tried a different key the problem could be a broken wire from the ignition tumbler to the connector under the dash. Have someone test the resistance of the tumbler and replace if needed.
RepairPal Certified shops can diagnose and repair your 1992 Cadillac Eldorado. They provide transparent pricing with a minimum 12-month or 12,000-mile warranty on repairs and services.