Ethereum Suffers Sharp Rejection As Bears Defend Key Supply Zone Ethereum attempted another recovery toward the $1,650 resistance area but was met with aggressive selling pressure, triggering a strong bearish displacement that erased the entire bullish advance. The rejection confirms that sellers remain active within the higher-timeframe supply zone and are unwilling to surrender control without a fight. Technically, the move resembles a liquidity grab above short-term highs followed by a rapid reversal back into the range. The failure to sustain acceptance above resistance weakens bullish momentum and increases the probability of another test of lower liquidity levels. Price is now trading in a critical area where buyers must step in to prevent further downside expansion. The broader structure remains under pressure while $ETH trades below the $1,650-$1,685 supply region. Unless bulls reclaim that zone decisively, rallies may continue to face selling interest. For now, market attention shifts to whether current support can absorb the latest wave of bearish momentum or if another leg lower is about to unfold. #BTC Price Analysis# #Macro Insights# #ETH