🔹 Price Action
ETH is trading near $2,481, cooling off after hitting a local high at $2,603. After a strong parabolic rally, price action has started showing signs of weakness—posting lower highs and retracing below short-term support.

🔹 Key Levels
📌 Resistance:
• $2,600 – Recent top and key resistance zone
• $2,520–$2,540 – Short-term supply zone from recent wicks

📌 Support:
• $2,440 – Local support now being retested
• $2,300 – Breakout base, likely to act as strong support if correction deepens

🔹 Volume & Momentum
📉 Volume has declined after the breakout spike—momentum is weakening.
🧭 RSI on the 4H is cooling off from overbought levels—signaling a potential shift toward mean reversion.
⚡ Funding rate remains positive, but tapering—bullish positioning is thinning.

💡 Scenarios
✅ Bullish Case: Bounce from $2,440 with strong volume → retest $2,520–$2,600.
❌ Bearish Case: Continued rejection at $2,500 → retrace toward $2,300 zone.

🧠 What to Watch:
• Bounce confirmation at $2,440 or break lower
• If $2,300 fails—expect profit-taking to accelerate
• ETH/BTC relative weakness may hint altcoin rotation

🚀 Takeaway:
ETH is in correction mode after a steep rally. Support at $2,440 is key—if lost, $2,300 retest is in play. Patience and tight risk management recommended.

📌 Not financial advice—DYOR and manage your positions accordingly.