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Mehran Abel
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Howling at the sky as I step out, just like an eagle soaring through the vast sky
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Mehran Abel
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Ethereum (ETH/USD) has hit a key supply zone between $4,300 and $4,340, showing early signs of selling pressure after its recent strong rally. 🔹 Key Levels Supply Zone (Resistance): $4,300 – $4,340 First Support: $4,177 Demand Zone: $4,072 – $4,005 🔹 Market Outlook The price is struggling to break above the supply zone, with sellers actively defending the level. A failure to push higher could trigger a pullback toward $4,177. A decisive break below this support may lead to a drop into the demand zone at $4,072 – $4,005. 🔹 Bearish Setup Entry: After confirmed rejection from the supply zone Targets: $4,177 → $4,072 Stop-loss: Above $4,345 🔹 Bullish Setup If ETH sustains above $4,345, buyers may aim for a breakout toward $4,400 and beyond. 📍 Bias: Short-term bearish unless a strong breakout above $4,345 occurs. #ETH4500Next? #USFedNewChair #CryptoIn401k #USFedNewChair #USFedBTCReserve $ETH
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