Chart the Market (19/03/2026)
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Chart the Market (19/03/2026)

Published: 19 March 2026,02:13

Published: 19 March 2026,02:13

Chart The Market

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ETH, H4:                                                               

Ethereum has pulled back notably on the chart, sliding roughly 6–7% from its recent high near 2,390 down toward the 2,150 region. This decline follows a strong impulsive rally, suggesting the move is more corrective in nature rather than a full structural reversal at least for now.

Price has retraced back toward the 2,150  support zone, which is acting as a key near-term demand area. This region aligns with prior breakout levels, making it an important decision point. A sustained hold here could allow for stabilization and a potential continuation higher, while a clean break below may expose deeper downside toward the 2,015 region.

Momentum indicators reflect this cooling phase. RSI has dropped back toward the mid-40s after previously approaching overbought conditions, indicating that bullish momentum has eased significantly. Meanwhile, MACD has rolled over into negative territory with expanding red histogram bars, reinforcing the idea that short-term momentum favors sellers as the market digests recent gains.

Resistance Levels: 2390.00, 2600.00

Support Levels: 2150.00, 2015.00

NZDUSD,  H4

NZDUSD has drifted lower, sliding roughly 2-3% from its recent swing high near 0.6020 toward current levels around 0.5800. The move reflects a gradual loss of bullish momentum rather than an aggressive selloff, with price continuing to respect a broader range structure while tilting toward the downside. The pair is now hovering near the 0.5795 support zone, which has previously acted as a demand area. This region is becoming a key short-term decision point holding above it could allow for another rotation back toward the mid-range resistance near 0.5900, while a breakdown would likely open the door for a deeper move toward the 0.5700 handle.

Momentum indicators support the softer tone. RSI is holding below the 50 midpoint, suggesting that bearish pressure is gradually building, though not yet at extreme levels. At the same time, MACD remains in negative territory with a modest bearish histogram, indicating that downside momentum persists, albeit in a controlled and non-impulsive manner.

Resistance Levels: 0.5840, 0.5890

Support Levels: 0.5795, 0.5750

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