*$ETH Supply Zone Rejection: Is a Short-Term Pullback on the Horizon? ๐Ÿšจ*

Ethereum ($ETH) is showing signs of weakness after rallying into a key supply zone between $4,300 โ€“ $4,340. Sellers have stepped in to defend this resistance area, creating early bearish pressure and raising the possibility of a short-term pullback. ๐Ÿ’ก

*Key Levels to Watch:*

- *Supply Zone (Resistance):* $4,300 โ€“ $4,340 ๐Ÿšซ

- *First Support:* $4,177 ๐Ÿ›‘

- *Demand Zone:* $4,072 โ€“ $4,005 ๐Ÿ“‰

*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 โ€“ $4,005. ๐Ÿ’ฅ

*Bearish Scenario:*

- *Entry:* On confirmed rejection from the supply zone ๐Ÿ“Š

- *Targets:* $4,177 โ†’ $4,072 ๐ŸŽฏ

- *Stop Loss:* Above $4,345 ๐Ÿšจ

*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. ๐Ÿš€

*Bias:*

Short-term sentiment remains bearish unless the price delivers a clean breakout above $4,345, which would shift momentum in favor of buyers. ๐Ÿค”#

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