📊 ETHUSD Supply Zone Test – Bears Showing Teeth?
Ethereum has tapped into the $4,300 – $4,340 supply zone, stalling after a strong rally.
🔹 Resistance (Supply Zone): $4,300 – $4,340
🔹 First Support: $4,177
🔹 Demand Zone: $4,072 – $4,005
🧐 Analysis:
Sellers are defending the supply zone. A rejection could send ETH back to $4,177, and a break below that may open the door to $4,072 – $4,005.
📉 Bearish Plan:
Entry: On confirmed rejection from supply
Targets: $4,177 → $4,072
Stop Loss: Above $4,345
📈 Bullish Plan:
Break & hold above $4,345 = possible push beyond $4,400
📍 Bias: Short-term bearish unless bulls reclaim $4,345.
