ETHUSD 1H – Supply Zone Rejection! Will Ethereum Retest $2,100 Ethereum / US DollarCOINBASE:ETHUSDFrankFx14Ethereum is currently trading at $2,524, just below the critical supply zone between $2,560 – $2,600, where price has been repeatedly rejected. The bulls are showing signs of exhaustion – is a deeper correction on the horizon? 🔵 Major Technical Zones: 🔹 Resistance (Sell Zone): $2,560 – $2,600 🔹 Mid Support: $2,123 🔹 Key Demand Zone: $1,524 – $1,600 (High-Volume Buy Area) 📉 Bearish Scenario (Likely if rejection holds): A failure to break above $2,600 could lead to a breakdown toward $2,123. If $2,123 doesn’t hold, $1,524 is the next target — a zone with historical demand and a previous breakout base. 🧠 Volume Profile Insight: Notice how volume increases around $1,524, indicating strong buyer interest in this zone. The space between $2,100 and $1,524 is thin — expect fast movement if $2,100 cracks. 📆 Key Dates: Economic events marked on the chart (June 11–16) could act as catalysts for volatility. --- 💬 Do you think ETH will break above the supply or is this the calm before the drop? Share your analysis below! #Ethereum #ETHUSD #CryptoAnalysis #PriceAction #SupplyDemand #LuxAlgo #SmartMoney #TradingView