Ethereum $ETH just tapped into a strong supply zone between $4,300 – $4,340 and is already showing signs of selling pressure after its recent rally.
📍 Key Levels to Watch:
Resistance (Supply Zone): $4,300 – $4,340
First Support: $4,177
Demand Zone: $4,072 – $4,005
🔍 Market View:
Bulls are struggling to break past the supply zone, and sellers seem to be holding their ground. If this rejection sticks, $ETH could retrace to $4,177.
A confirmed break below that level could open the door for a deeper dip toward $4,072 – $4,005.
📊 Bearish Play:
Entry: Wait for confirmed rejection from $4,300 – $4,340
Targets: $4,177 → $4,072
Stop Loss: Above $4,345
📈 Bullish Play:
If ETH breaks and holds above $4,345, we could see a push toward $4,400+.
🎯 Bias: Short-term bearish unless price clears $4,345 with strong momentum.
#ETH #Ethereum #cryptotrading #TechnicalAnalysis
