$ETH Bearish Momentum Alert 🚨

🔴 Price Action: Ethereum (ETH) is currently trading at $2,540.19 with a strong bearish momentum, showing a steep decline in recent hours. The chart indicates that ETH is trading well below the cloud, confirming bearish pressure.

🔄 Technical Analysis:

$ETH is comfortably trading below the red resistance zone, signaling sustained downward momentum.

MACD: The MACD lines have crossed to the downside, confirming a bearish crossover. The histogram also supports selling pressure, expanding downward.Bullish Divergence (Earlier): Though there was some bullish divergence forming earlier in the day on the MACD, the overall price trend did not hold up, and the price broke down further.

🚀 Signal: No immediate reversal signals are forming at the moment, and the next support level to watch closely is $2,530. If ETH continues to break below this level, we might see further drops toward $2,500.

📊 Next Move: Potential short opportunity if ETH breaks below $2,530, with stop loss above $2,563#ETH🔥🔥🔥🔥