Ethereum is showing two warning signs at the same time, 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.
ETH RSI Break Signals Weakening Momentum
This 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.
ETHUSD 1D Chart: Source: TradingView,TedPillows on X
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 Ted’s point is that weakness in RSI may come first, and then price may follow.
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.
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.
ETH Faces Major Liquidation Pressure Near $2,100
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.
ETH Liquidation Heatmap: Source: CoinAnk,CW on X
That matters because liquidation zones often act like price magnets. In other words, the market can move toward these levels as liquidity builds there. Here, the chart suggests that $2,100 is the key area traders are watching, since it holds the heaviest concentration of potential liquidations.
At the same time, the chart also shows stacked liquidity above that area, especially between roughly $2,100 and $2,200. So if ETH pushes into $2,100, volatility could increase fast. A move into that zone may trigger forced closes and create a sharper reaction.
Below, there is also visible support liquidity around the $1,900 to $1,950 region. Therefore, ETH is trading between two important liquidity pockets. Still, the chart’s clearest message is that $2,100 stands out as the main liquidation level and the most likely pressure point on the upside.
