Ethereum (ETH/USD) has hit a key supply zone between $4,300 and $4,340, showing early signs of selling pressure after its recent strong rally.
🔹 Key Levels
Supply Zone (Resistance): $4,300 – $4,340
First Support: $4,177
Demand Zone: $4,072 – $4,005
🔹 Market Outlook
The price is struggling to break above the supply zone, with sellers actively defending the level. A failure to push higher could trigger a pullback toward $4,177. A decisive break below this support may lead to a drop into the demand zone at $4,072 – $4,005.
🔹 Bearish Setup
Entry: After confirmed rejection from the supply zone
Targets: $4,177 → $4,072
Stop-loss: Above $4,345
🔹 Bullish Setup
If ETH sustains above $4,345, buyers may aim for a breakout toward $4,400 and beyond.
📍 Bias: Short-term bearish unless a strong breakout above $4,345 occurs.
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