ETHUSD – Supply Zone Rejection & Possible Pullback 🤔🙄

$ETH – 4,216.92 (+0.66%)

ETHUSDT Perp – 4,217.92 (+0.73%)

Ethereum is facing rejection from the $4,300 – $4,340 supply zone, showing early signs of bearish pressure.

🔹 Key Levels:

Supply Zone (Resistance): $4,300 – $4,340

First Support: $4,177

Demand Zone: $4,072 – $4,005

🔹 Analysis:

Price is struggling to break through the supply zone as sellers defend this area. If rejection holds, price could retrace toward $4,177. A break below this level may open the way to the $4,072 – $4,005 demand zone.

🔹 Bearish Setup:

Entry: On confirmed rejection from supply zone

Targets: $4,177 → $4,072

Stop Loss: Above $4,345

🔹 Bullish Setup:

If price breaks and sustains above $4,345, bulls could target $4,400+ for new highs.

📍 Bias: Short-term bearish unless a clean breakout above $4,345 occurs.

#ETH4500Next? #CryptoUpdate #BinanceAlert

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