Price Update:
ETH: $4,207.01 (+0.04%)
ETHUSDT Perp: $4,205.10 (0%)
Ethereum is currently testing a key supply zone between $4,300 – $4,340 after an impressive rally. However, early signs of selling pressure suggest that bulls may be losing steam.
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🔹 Key Technical Levels
Resistance (Supply Zone): $4,300 – $4,340
First Support: $4,177
Demand Zone: $4,072 – $4,005
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🔍 Market Analysis
Buyers have struggled to break through the upper resistance range, with sellers actively defending the zone. If ETH fails to push higher, a drop toward $4,177 is possible.
A decisive move below $4,177 could accelerate the decline toward the demand zone at $4,072 – $4,005.
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📉 Bearish Setup
Entry: Confirmed rejection at the supply zone
Targets: $4,177 → $4,072
Stop Loss: Above $4,345
📈 Bullish Setup
Trigger: Sustained breakout above $4,345
Target: Higher highs beyond $4,400
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📌 Bias: Short-term bearish unless ETH can decisively break above $4,345.
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