Published: 16 March 2026,06:05
Chart The Market
ETH, H4:
Ethereum has been trading within a defined range throughout March, oscillating between support near $1,850 and resistance just under the $2,200 level. The latest price action shows the cryptocurrency forming a higher-low pattern, indicating building bullish momentum as buyers defend progressively higher support levels .
The immediate technical focus is the $2,180-$2,200 resistance zone, a level where Ethereum has faced multiple rejections in recent sessions. On-chain data identifies the realized price near $2,191 as a critical threshold—a sustained breakout above this level would signal a decisive shift in market structure. Multiple analysts concur that a clean break above $2,200 could trigger accelerated upside toward $2,400 and potentially $2,750.
Momentum indicators support the constructive near-term bias. The Relative Strength Index is poised to break into overbought territory, currently near 57-60, reflecting strengthening buying pressure without reaching exhaustion levels . The Moving Average Convergence Divergence has generated a bullish golden cross above the zero line, confirming that positive momentum is building and aligned with the higher-low price structure.
Resistance Levels: 2390.00, 2600.00
Support Levels: 1864.00, 1570.00
XAGUSD (Silver), H4
Silver has broken decisively below its critical support line near the $81.80 mark, a level where the metal had previously found consistent buying interest and established a consolidation base. This breakdown represents a significant structural deterioration, confirming that the prior support zone has now flipped to resistance.
The breach carries substantial technical weight. Multiple analyses confirm that an intraday breakdown below the short-term ascending trend-line support—extending from the February swing low—serves as a fresh trigger for bearish momentum. With the former support level now invalidated, silver is positioned to extend its decline toward the next downside target near $76.60, aligning with bearish projections identified by market technicians.
Momentum indicators strongly support the bearish bias. The Relative Strength Index remains suppressed below the neutral 50 mark, currently near 40, confirming seller control while avoiding oversold conditions that might signal exhaustion. The Moving Average Convergence Divergence continues to trend lower, with the MACD line staying below the signal line in negative territory, reflecting persistent downside momentum despite some moderation in the histogram
Resistance Levels: 81.45, 86.26
Support Levels:76.60, 71.10
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