š
ETHUSD ā Supply Zone Rejection?
Ethereum (ETHUSD) has tapped into a supply zone at \$4,300 ā \$4,340, showing early signs of bearish pressure after a strong rally.
š¹ Key Levels
Supply Zone (Resistance):\$4,300 ā \$4,340
First Support:\$4,177
Demand Zone:\$4,072 ā \$4,005
š Market Outlook:
Price is struggling to break above the supply zone, with sellers actively defending it. If rejection continues, we may see a move toward \$4,177. A confirmed break below this level could lead to a deeper drop into the \$4,072 ā \$4,005 demand zone.
š Bearish Setup:
Entry:Confirmed rejection at supply zone
Targets: \$4,177 ā \$4,072
Stop Loss:Above \$4,345
š Bullish Setup:
Entry:Break & sustained move above \$4,345
Target:\$4,400+
š Bias:Short-term bearish unless ETH closes above \$4,345.