Published: 7 January 2026,01:11
Chart The Market
ETH, H4:
ETH on the chart is showing strong bullish momentum, with price breaking higher from its recent consolidation range and now trading around the 3,300 area. The market has successfully reclaimed multiple key resistance levels, particularly the 3,180 and 3,350 zones, which now act as near-term support. This breakout is supported by rising volume, indicating increasing participation from buyers and reinforcing the strength of the current upward move. Structurally, ETH is forming higher highs and higher lows, suggesting that the short- to medium-term trend has shifted firmly in favor of the bulls.
Momentum indicators are also aligned with the bullish price action. RSI is elevated near the 70–80 region, signaling strong buying pressure, although this also suggests ETH is approaching overbought conditions, where short-term pullbacks or consolidation may occur. Meanwhile, MACD remains in positive territory with expanding histogram bars, confirming that bullish momentum is still building rather than fading. As long as price holds above the 3,180–3,050 support zone, the upside bias remains intact, with the next resistance seen near 3,350 and then 3,520. However, given the stretched RSI, traders should be mindful of potential short-term corrections or sideways movement before ETH attempts another leg higher.
Resistance Levels: 3350.00, 3520.00
Support Levels: 3050.00, 2930.00
EURUSD, H4
EURUSD on the chart is showing signs of a short-term bearish correction after failing to sustain gains above the 1.1710–1.1750 resistance zone. Price has recently broken below the ascending trendline that previously supported the bullish structure from late November, indicating a loss of upside momentum. The rejection from the 1.1800 area and the subsequent move lower suggest that sellers are regaining control in the near term, with price now drifting toward the 1.1680 region.
From a momentum perspective, RSI has dropped into the 35–40 zone, reflecting weakening bullish strength and increasing downside pressure, though it is not yet deeply oversold. This suggests there may still be room for further downside before buyers step in aggressively. At the same time, MACD remains below the zero line with expanding negative histogram bars, confirming bearish momentum and supporting the current corrective move rather than a quick reversal.
Overall, the bias remains mildly bearish in the short term, with the broader structure shifting into consolidation unless buyers can regain control above the broken trendline.
Resistance Levels: 1.1710, 1.1800
Support Levels: 1.1625, 1.1540
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