Ethereum's Momentum Pulls a Fade: RSI Cracks While $2,100 Liquidation Cluster Stares Back

Ethereum is flashing two warning signs simultaneously, with momentum weakening on the daily chart while a major liquidation cluster sits just above price near $2,100. Together, the setup points to a tight zone where $ETH could see a sharper move next if pressure builds in either direction. For those keeping score at home, this is basically the chart equivalent of your dealer saying "it's free this time" – probably too good to be true.

The $ETH daily chart shows a rising wedge type structure forming after the sharp February drop. Price has made slightly higher lows, while the top side has stayed capped near the same resistance zone around $2,200. As a result, buyers have pushed $ETH up from the lows, but they have not broken the ceiling. It's like watching someone try to climb out of a hole while constantly hitting their head on the same beam – admirable effort, questionable results.

The more important part of the chart is the RSI line below. It had been trending higher from early February, which supported the slow price recovery. Now, that RSI uptrend appears broken. That usually means momentum is fading even before price fully breaks down. So the point is that weakness in RSI may come first, and then price may follow. Classic leading indicator flexing – RSI is basically the friend who texts you "I think we're in trouble" before anyone else notices the building on fire.

Right now, $ETH still sits inside the pattern. Therefore, the chart does not confirm a breakdown yet. However, the setup looks fragile. If $ETH loses the rising lower trendline near the $2,000 to $2,030 area, the wedge could fail and price may revisit lower support zones, likely around $1,900 and then the February low area near $1,750 to $1,800. The $2,000 level is basically the emotional support line – where dreams go to die and traders go to cope.

On the other hand, if $ETH reclaims strength and closes above the horizontal resistance near $2,200, this bearish idea weakens. In that case, the current pattern may turn into a stronger recovery attempt instead of a breakdown setup. So the chart leans bearish for now because momentum has weakened first, while price is still testing support. Remember, charts are just probabilities wearing a suit – this one happens to be wearing black.

This CoinAnk liquidation heatmap shows that the biggest $ETH liquidation cluster sits near the $2,100 level. The brightest area on the chart gathers around that zone, which means a large amount of leveraged positions could get wiped out if price moves into it. Somewhere out there,