Ethereum is trading inside a wide supply-demand range. Price has recently rejected from a strong supply zone near $4,000 – $4,200, showing Buyers stepping in.
On the downside, the major demand zone remains around $2,800 – $3,000. If price loses momentum and breaks lower, we could see ETH retesting that demand area before any strong bounce.
🔹 Supply Zone: $4,400 – $4,200
🔹 Demand Zone: $2,800 – $3,000
🔹 Bias: Neutral to Bullish until demand is tested
🔹 Confirmation: Weekly close below $4,000 would strengthen the Bullish case
Summary:
ETH is stuck between heavy supply and demand zones. A breakout above $4,200 opens the path for continuation, but failure to hold current support could trigger a deeper uptoward $5,000. For now, patience is key — wait for the weekly close to confirm direction.
