$ETH pulled back sharply from its local peak at 2,546.78 down to around 2,437.21 (+3.56%), breaking below the 20 EMA on the 1-hour chart. The swift correction follows a strong upward run from 1,908.00, with selling pressure breaking through short-term momentum. Holding above key support around 2,350.00 is essential for buyers to stabilize and attempt a recovery back toward 2,480.00.