Published: 10 February 2026,06:08
Chart The Market
ETH, H4:
Ethereum is exhibiting constructive technical signals in its recovery from a severe prior sell-off, which saw the cryptocurrency decline over 30% last week. The price action has transitioned into a higher-low pattern, progressively establishing a base of support. This structure has culminated in the formation of an ascending triangle—a continuation pattern characterized by a flat upper resistance and a rising lower trendline. A decisive breakout above the triangle’s resistance boundary would serve as a solid bullish technical signal, indicating a high-probability resumption of upward momentum and a potential trend reversal from the recent downtrend.
This improving price structure is supported by a concurrent recovery in momentum indicators. The Relative Strength Index (RSI) is climbing steadily from oversold levels toward its midpoint, reflecting a clear reduction in selling pressure and a resurgence of buying interest. Simultaneously, the Moving Average Convergence Divergence (MACD) indicator is advancing toward its zero line from below, suggesting that the dominant bearish momentum is dissipating and may be on the verge of turning positive. This alignment between the price pattern and momentum oscillators provides credible evidence for a bullish shift in market structure.
Resistance Levels: 2390.00, 2600.00
Support Levels: 1867.40, 1570.00
Silver, H4
Silver prices have staged a formidable recovery, rallying more than 30% from a recent low of $64.06 to achieve a significant technical milestone: a decisive break above the critical 61.8% Fibonacci retracement level at $81.47. This breach represents a crucial structural development, as it suggests the prior bearish trajectory has been invalidated and indicates a high probability of a bullish trend reversal.
However, the momentum fueling this sharp technical rebound is showing signs of moderation, raising the question of whether the metal can sustain its footing above this newly conquered level. This potential consolidation or pullback is a common occurrence following such an aggressive advance as the market seeks a new equilibrium.
Despite this near-term caution, the broader momentum profile has turned demonstrably positive. The Relative Strength Index (RSI) has ascended decisively from oversold territory, confirming a powerful resurgence in buying pressure. Concurrently, the Moving Average Convergence Divergence (MACD) indicator is advancing toward its zero line from below, signaling that the underlying bearish momentum has dissipated and is being replaced by a nascent bullish impulse. This alignment supports the core bullish bias established by the Fibonacci breakout.
Resistance Levels: 95.30, 108.90
Support Levels:70.70, 58.20
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