Ethereum (ETH/USDT) – Supply Zone Rejection 🚫📉 | Pullback Ahead?
Ethereum has reacted to a $4,300 – $4,340 supply zone, showing early signs of bearish pressure after a strong rally. Sellers are defending this area aggressively.
🔹 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.
If rejection holds → a drop toward $4,177 is likely.
A confirmed break below $4,177 could send price toward the demand zone at $4,072 – $4,005.
🔹 Bearish Scenario
Entry: On confirmed rejection from supply zone
Targets: $4,177 → $4,072
Stop Loss: Above $4,345
🔹 Bullish Scenario
If price breaks and sustains above $4,345, buyers could push beyond $4,400 for new highs.
📍 Bias: Short-term bearish unless a clean breakout above $4,345 occurs.
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