Chart the Market (05/01/2026)
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Chart the Market (05/01/2026)

Published: 5 January 2026,02:17

Published: 5 January 2026,02:17

Chart The Market

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ETH, H4: 

ETH on the chart is showing improving bullish momentum after breaking out of its prior consolidation range and pushing higher from the late-December base. Price has reclaimed the 3,050 zone and is now trading firmly above the 3,180 level, which previously acted as a key resistance and has started to turn into short-term support. This shift suggests buyers are regaining control, with higher lows forming and the broader structure tilting back in favor of an upside continuation. 

Momentum indicators support the constructive outlook but also warn of near-term exhaustion risk. RSI has pushed toward the 70 level, reflecting strong buying pressure, though it is now flattening slightly, suggesting momentum may cool in the short term. MACD is firmly bullish, with a clear positive crossover and expanding histogram above the zero line, confirming upside momentum is still dominant. Overall, ETH remains biased to the upside on the chart, but short-term consolidation or shallow pullbacks are possible before the next leg higher.

Resistance Levels: 3180.00, 3350.00

Support Levels: 3050.00, 2930.00

Dow Jones,  H4

The Dow Jones Index on the chart remains in a broader bullish structure, supported by a well-defined ascending trendline that has guided price action since mid-2025. After a strong rally into the 48,000–49,000 resistance zone, price experienced a corrective pullback but successfully held above the 47,220 support, which aligns closely with the rising trendline. This reaction suggests that buyers are still defending higher lows, keeping the overall uptrend intact despite the recent consolidation.

Momentum indicators reflect a neutral-to-slightly-bullish bias. RSI is hovering in the mid-50s, indicating balanced momentum with no immediate overbought or oversold conditions, which supports the case for consolidation before the next directional move. Meanwhile, MACD remains below its recent highs and is slightly negative, suggesting that upside momentum has cooled in the short term, though there are early signs of stabilization. 

Overall, Dow Jones remains structurally bullish on the chart, but price needs a clear break above near-term resistance to confirm the next leg higher, while holding above the rising trendline remains key for maintaining the broader bullish outlook.

Resistance Levels:  48,680.00, 50,370.00

Support Levels: 47,220.00, 45,950.00

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