$ETH didn't really drift lower here — it fell off a cliff. The first warning was the rejection from $1,780, then every bounce started getting weaker. Price spent some time trying to hold around $1,640, but once that level cracked, there was almost no buying underneath it. The result was a straight flush into the $1,550s, with traders rushing for the exit at the same time.

The RSI is sitting at extreme levels now, so a bounce wouldn't be surprising. But from a chart perspective, this still looks like a market searching for support rather than one ready to trend higher. For now, ETH needs to prove buyers are willing to step back in. 👀📉
Trade #ETH here