A recent analysis from CoreliquidityLab shows that ETH price is approaching a strong Supply Order Block (Supply OB) in the $4,755–$4,760 range. This is a key zone where large sellers could put pressure on buyers, potentially triggering a rejection or pullback after a brief “liquidity grab.”
Key Trading Points
Supply OB: $4,755–$4,760 — High chance of rejection or pullback from this zone.
Demand Zone: $4,300 — First major support level if price drops.
Trade Plan: Wait for confirmation inside the supply zone before entering a short position, targeting the previous swing low.
Traders are advised to remain cautious and limit leverage usage. While this setup hints at a controlled bearish move, it’s more likely to be a moderate retracement rather than a sudden crash.
Market Context
Factor Details
Current Price On Kraken, ETH trades near $6,983.67, while on Coinbase, it’s around $4,631.56.
Total Supply About 120.71 million ETH, which has remained stable compared to last year.
Why This Matters
1. Supply Zone Importance — Watch $4,755–$4,760 carefully; it’s the most likely rejection point.
2. Support Target — If rejected, ETH could drop toward $4,300, where a bounce may occur.
3. Risk Management — Always use stop-loss orders or proper position sizing to protect against unexpected moves.
4. Long-Term Outlook — Institutional demand and reduced ETH supply could support long-term bullish sentiment despite short-term pullbacks.
