Thank you very much for your clear and helpful answer.
Just one follow-up question, as I want to be absolutely certain before purchasing the watch in the US:
Is your confirmation based on Apple’s official technical compatibility information, or are you aware of actual cases where a US-purchased Apple Watch Ultra 4 (A3579) has been successfully activated with a European carrier?
My main concern is whether a Danish carrier such as Telenor could reject eSIM activation specifically because the watch was purchased in the US, despite having the same model number as the European version.
Thanks again for your help!