Ethereum ($ETH) is showing early signs of weakness after rallying into a key supply zone between $4,300 – $4,340. Sellers have stepped in to defend this resistance area, creating bearish pressure and raising the possibility of a short-term correction.
🔍 Key Levels to Watch
Supply Zone (Resistance): $4,300 – $4,340
First Support: $4,177
Demand Zone: $4,072 – $4,005
📊 Market Outlook
Price action suggests $ETH is struggling to push through its supply zone, signaling strong selling interest at higher levels. If this rejection holds, a dip toward $4,177 is likely.
A confirmed break below $4,177 could trigger increased selling pressure, with the $4,072 – $4,005 demand zone as the next target.
🐻 Bearish Setup
Entry: On confirmed rejection from supply zone
Targets: $4,177 → $4,072
Stop Loss: Above $4,345
🐂 Bullish Setup
If $ETH manages to break and sustain above $4,345, bullish momentum could return—opening the door for highs beyond $4,400.
🎯 Bias:
Short-term sentiment remains bearish unless price delivers a strong breakout above $4,345, which would flip momentum in favor of buyers.