17 July 2025,06:06
Chart The Market
17 July 2025, 06:06
ETH, D1:
Ethereum (ETH) has completed a long-term head-and-shoulders pattern, a bullish formation that suggests the potential for a breakout toward uncharted territory—above its all-time high of $4,090. The recent rally, which propelled ETH to its 2025 peak, reinforces the breakout narrative.
In the short term, maintaining support above the $3,050 level would signal that bullish momentum remains intact. A successful hold at this level may provide the foundation for further upside.
Momentum indicators support the bullish case. The Relative Strength Index (RSI) has entered overbought territory, while the MACD is rebounding from the zero line—both signaling strengthening upward momentum in line with the bullish structure.
Resistance Levels: 3978.00, 4,770.00
Support Levels: 3320.00, 3285.85
XAUUSD, H4
Gold prices recently broke above an asymmetric triangle pattern, signaling a bullish breakout; however, momentum has since stalled, leaving the metal consolidating within a narrow range.
A key level to watch is short-term support near the $3,325 mark. A break below this level would constitute a structural failure of the bullish setup, potentially triggering a bearish reversal.
Momentum indicators reflect the market’s indecision. The Relative Strength Index (RSI) has eased back to the midpoint, while the MACD remains flat near the zero line—both suggesting that bullish momentum is fading and gold may be vulnerable to a downside move.
Resistance Levels: 3382.00, 3450.00
Support Levels: 3278.75, 3202.85
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