*$ETH Supply Zone Rejection: Is a Short-Term Pullback on the Horizon? 🚨*

Ethereum ($ETH) is showing signs of weakness after rallying into a key supply zone between $4,300 – $4,340. Sellers have stepped in to defend this resistance area, creating early bearish pressure and raising the possibility of a short-term pullback. 💡

*Key Levels to Watch:*

- *Supply Zone (Resistance):* $4,300 – $4,340 🚫

- *First Support:* $4,177 🛑

- *Demand Zone:* $4,072 – $4,005 📉

*Market Analysis:*

The current price action suggests that $ETH is struggling to break through its supply zone. This indicates strong selling interest at higher levels. If the rejection holds, a retracement toward $4,177 could follow. A decisive break below $4,177 would likely accelerate selling pressure, targeting the demand zone around $4,072 – $4,005. 💥

*Bearish Scenario:*

- *Entry:* On confirmed rejection from the supply zone 📊

- *Targets:* $4,177 → $4,072 🎯

- *Stop Loss:* Above $4,345 🚨

*Bullish Scenario:*

If $ETH manages to break and sustain above $4,345, bullish momentum could return, opening the path for higher highs beyond $4,400. 🚀

*Bias:*

Short-term sentiment remains bearish unless the price delivers a clean breakout above $4,345, which would shift momentum in favor of buyers. 🤔#

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