$ETH The #Ethereum chart looks like the electrocardiogram of someone who just saw a ghost. 😂

Calm down, don't get the shovels out yet.

Now seriously, let's get to the analysis:

$ETH lost the 200-period moving average on the 1-hour chart, which is a short-term bearish signal.

We have a bearish pattern (Bearish Pennant) along with the RSI at 90.83 points (Overbought), which suggests a correction may be coming, making my analysis stronger.

The price is trying to recover the $2,545 area, which now acts as resistance.

The key support to watch is at $2,400. As long as that level is not lost, it can be considered a normal correction, or rather, noise due to geopolitical conflicts.