5d • ETH updates
ETH
Price rejected from the local high and is now compressing around the 3.1k area.
Momentum has clearly slowed after that impulsive push up.
Sto RSI is rolling over from the top and still heading lower.
That usually means more time or more downside before the next leg.
Daily RSI has also cooled off and is struggling to reclaim strength.
Key levels I’m watching:
- Support sits around 3.0k first,
- then 2.85k if we get a deeper flush.
- Above us, 3.24k remains the level that needs to be reclaimed for continuation.
Failure to do so keeps ETH in a range and favors patience. Either we get a clean reclaim and hold, or we let price come to us at support.
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