ETH's Double Trouble: RSI Cracks While $2.1K Liquidation Cluster Looms Like a Bear Trap

Ethereum is currently flashing two warning signs at once, and it's giving traders that special kind of anxiety that makes even diehard holders refresh their portfolio app for the third time in an hour. Momentum is looking shaky on the daily chart, and there's a fat liquidation cluster hovering just above current price near $2,100 like a hungry bear waiting for lunch. Together, this creates a tight little squeeze zone where $ETH could make a dramatic move in either direction faster than you can say "wen moon."

The RSI has decided to abandon ship, and that's bad news for anyone hoping for a clean recovery. The $ETH daily chart shows a rising wedge forming after that nasty February dip—price made slightly higher lows while the ceiling stayed stubbornly pinned near the $2,200 resistance zone. Buyers managed to push $ETH up from the depths, but they simply cannot break through the roof. It's like trying to escape a room with a ceiling that's stuck at exactly the wrong height.

Here's the kicker though: the RSI, that trusty momentum meter, had been grinding higher from early February, lending some credibility to the slow climb. Now? That RSI uptrend has snapped. That's usually the universe's way of saying momentum is fading before price even gets the memo. RSI weakness often shows up first, and then price follows behind like a dog that finally realizes its owner left hours ago.

Right now, $ETH is still hanging inside this wedge pattern, so we don't have confirmation of a breakdown yet—call it circumstantial evidence. But the setup is looking fragile, like a Jenga tower after too many drinks. If $ETH breaches the rising lower trendline near the $2,000 to $2,030 zone, this wedge could collapse and send price back to visit support around $1,900, and potentially even the February low neighborhood near $1,750 to $1,800. That's the downside path, and it's looking pretty plausible right now.

On the flip side, if $ETH pulls a rabbit out of its hat and reclaims strength by closing above horizontal resistance near $2,200