Ethereum $ETH has hit a tough supply zone between $4,300 – $4,340 after a strong rally, and sellers are stepping in. Price action shows early signs of bearish pressure, with the market struggling to push higher.
📌 Key Levels to Watch:
Supply Zone (Resistance): $4,300 – $4,340
First Support: $4,177
Demand Zone: $4,072 – $4,005
📊 Market Outlook:
Bearish Case: If the rejection holds, ETH could retrace toward $4,177, and a break below could bring it to the $4,072 – $4,005 demand zone.
Bullish Case: A clean breakout and close above $4,345 could fuel a rally toward $4,400+.
🎯 Trading Plans:
Short Setup: Enter on confirmed rejection from supply zone, targets $4,177 → $4,072, SL above $4,345.
Long Setup: Wait for breakout above $4,345 for momentum plays.
📍 Bias: Short-term bearish unless ETH breaks and holds above $4,345.