Ethereum (ETHUSD) has reacted to a supply zone between $4,300 – $4,340, showing early signs of bearish pressure after a strong rally.
🔹 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, and sellers appear to be defending the area. If rejection holds, we could see a retracement toward $4,177. A confirmed break below $4,177 could open the way to the demand zone around $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 for higher highs beyond $4,400.
📍 Bias: Short-term bearish unless a clean breakout above $4,345 occurs.
🔹 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, and sellers appear to be defending the area. If rejection holds, we could see a retracement toward $4,177. A confirmed break below $4,177 could open the way to the demand zone around $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 for higher highs beyond $4,400.
📍 Bias: Short-term bearish unless a clean breakout above $4,345 occurs.
Trade active
Hit TP 1 so manage your risk while going for TP2
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