5 November 2025,03:30
Chart The Market
5 November 2025, 03:30
ETH, H4:
Ethereum has executed a decisive bearish breakdown from its three-week consolidation range, which was bound between the 3,670 and 4,265 levels. The failure followed the formation of a distinct double-top pattern within the range, subsequently evolving into a series of lower highs that culminated in the downside breakout. This price action indicates a significant shift in market structure and provides a solid bearish signal.
The breakdown projects a measured move toward a critical liquidity zone surrounding the $3,000 psychological level. Technical theory suggests ETH is likely to approach, and potentially test, this area before the conditions for a sustained technical rebound are established.
Momentum indicators corroborate the negative near-term bias. The Relative Strength Index (RSI) has descended into oversold territory, reflecting intense selling pressure, while the Moving Average Convergence Divergence (MACD) continues to trend lower after a bearish crossover below its zero line. This alignment confirms that bearish momentum is accelerating. While the RSI’s oversold condition warns of a potential short-covering bounce, the primary path of least resistance remains downward, with the $3,000 level representing the next significant technical target.
Resistance Levels: 3820.00, 4840.00
Support Levels: 2991.00, 2381.50
Crude Oil, H4
Crude oil futures initially exhibited strong bullish momentum, breaking out decisively from a prior downtrend channel and rallying more than 4% in the aftermath. However, the follow-through buying interest has since waned, leading to the formation of a concerning descending triangle pattern on the daily chart.
This technical structure presents a critical test for the recent bullish narrative. The commodity is now challenging a key horizontal support level at the $59.85 mark. A sustained break below this support would complete the bearish pattern, signaling a potent trend reversal and likely triggering a new wave of selling pressure.
The weakening momentum profile supports this cautious outlook. The Relative Strength Index (RSI) has rolled over and now resides below the 50 mid-line, indicating a loss of positive momentum. Simultaneously, the Moving Average Convergence Divergence (MACD) is on the verge of a bearish crossover below its zero line. The convergence of these indicators suggests a fresh wave of bearish momentum is emerging, aligning with the potential breakdown from the descending triangle and pointing to a heightened risk of a resumption of the broader downtrend.
Resistance Levels: 62.80, 65.20
Support Levels:57.85, 55.50
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