CRYPTONIC

ETHUSDT - Price Charging Into Major 4H Supply, Reversal Zone Ahead

$ETH is now approaching the major 4H supply block at $2,300–$2,320, a zone that triggered the previous strong sell-off. The climb into this region has been aggressive, but it remains a corrective leg inside a broader bearish structure.

The rally also forms a clean liquidity sweep of internal highs, meaning the market is likely gathering buy-side liquidity before responding to supply. Once price taps deeper into this premium zone, $ETH becomes vulnerable to a sharp bearish reaction. If sellers step in again, the expected continuation phase could unfold toward the take-profit zone at the bottom of the chart. Market structure still favors downside unless this supply zone breaks decisively.

Until then, this retracement represents an ideal reversal region where ETH could resume its bearish leg.

#ETH #Macro Insights# #Meme Alpha#