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Ethereum's RSI trendline breaks, signaling potential sharp price drop amid key options expiry and market pressure.

Technical Signals
23 Mar 2026
The Currency Analytics
View Source
Bearish
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Ethereum's momentum weakened as its RSI trendline for the USDT pair broke down, raising concerns among traders about a possible sharp price decline. The ETH/BTC pair is also close to a similar breakdown, which could confirm a double sell-off pattern similar to Solana's recent drop. This technical weakness coincides with over $2.1 billion in Bitcoin and Ethereum options expiring and Wall Street's $5.7 trillion Triple Witching event, potentially amplifying volatility. Ethereum's price hovers near a critical $1,800 support level, with further downside risks if this level breaks, impacting DeFi platforms and institutional investors who are closely watching market moves.

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