Ethereum has faced a sharp rejection from the $4,700–$4,800 resistance zone, a level that has historically acted as a major supply barrier. The reaction signals that sellers are stepping back in control after the recent bullish rally.
📊 Market Structure
Momentum is slowing, showing signs of exhaustion.
A possible lower-high formation is developing → pointing to a potential trend reversal or deeper correction.
Increased selling pressure is becoming more visible on the charts.
📍 Short Bias Trade Setup
Entry Zone: $4,200 – $4,350
Stop-Loss: Above $4,765
Target 1: $3,800
Target 2 (Extended): $3,400 – $3,325 (key support zone)
🔎 Summary
As long as $ETH trades below $4,700, the short bias remains intact. A confirmed breakdown under $4,300 could trigger accelerated downside momentum → first toward $3,800, and then deeper into the $3,400–$3,325 support range.
⚠️ Stay alert — market volatility is heating up, and key levels will decide the next big ETH move.
