ETHUSD | Supply Zone Rejection Points to Possible Pullback Ethereum / U.S. dollarBITSTAMP:ETHUSDmiss_goldenEthereum has rallied back into a significant higher-timeframe supply zone around 2625-2635, where sellers stepped in aggressively and rejected price. The chart shows a previous bearish structure followed by a corrective recovery into resistance. After reaching the highlighted supply area, price produced a strong reaction and is now attempting to move lower. As long as the supply zone remains respected, the probability of a deeper retracement remains on the table. 🎯 Bearish Targets ✅ Target 1: 2520 ✅ Target 2: 2475 ✅ Target 3: 2435 📊 Technical Outlook 🔹 Strong rejection from HTF supply zone 🔹 Previous bearish trend structure remains relevant 🔹 Buyers failed to sustain momentum above resistance 🔹 Potential retracement toward lower liquidity areas ⚠️ A sustained break and acceptance above 2635 would weaken the bearish scenario and suggest buyers are regaining control. This analysis represents a possible market scenario based on price action and chart structure. Always use proper risk management.