$ETH Sharp Sell-Off – Caution as Momentum Turns Bearish

Ethereum just faced a sharp intraday rejection from above $2,540, plunging swiftly to $2,500 support with heavy selling pressure. This strong bearish impulse suggests a possible shift in short-term sentiment, triggered by failed attempts to reclaim higher highs and likely stop-loss cascades below key levels.

If $2,500 fails to hold as support, bears could aim for deeper liquidity zones around $2,475 – $2,460. On the flip side, bulls must reclaim $2,520 quickly to avoid further downside risk and restore short-term confidence.