Published: 11 March 2026,01:36
Chart The Market
ETH, H4:
Ethereum continues to trade within a broad consolidation range after failing to sustain momentum above the 2,150 resistance level. Price previously rallied toward this upper boundary but encountered strong selling pressure, triggering a pullback toward the 2,030 region. Despite the rejection, the overall structure still reflects range-bound price action between key support near 1,910 and resistance around 2,150, with recent movements showing repeated swings within this established band. Currently, Ethereum is attempting to stabilize above the 2,030 level following its latest retracement from the 2,080 area. This zone now acts as an important near-term support level, and holding above it could allow the market to maintain its short-term recovery bias. A sustained move higher may bring price back toward the 2,150 resistance region, where previous rallies have stalled. Conversely, failure to defend the 2,030 area could expose the market to renewed downside pressure toward the 1,910 support level, which has previously acted as a strong demand zone within the broader range.
Momentum indicators are showing moderate improvement but remain relatively neutral overall. RSI is hovering slightly above the midline around the 50 level, suggesting balanced buying and selling pressure. Meanwhile, MACD is gradually turning positive with the histogram expanding modestly, indicating that short-term bullish momentum is beginning to build following the recent rebound. Overall, Ethereum remains in a consolidation phase, and a decisive breakout above 2,150 or below 1,910 will likely determine the next directional move in the near term.
Resistance Levels: 2150.00, 2200.00
Support Levels: 2030.00, 1910.00
USDJPY, H4
USD/JPY remains in a broadly bullish structure following a strong recovery from the consolidation base formed near the 152.60–153.90 region. After establishing this base, the pair began forming a sequence of higher highs and higher lows, supported by an ascending trendline that has guided the upward momentum over the past several weeks. This recovery has recently pushed price toward the 158.00 region, bringing the pair closer to the next key resistance level around 159.35. In the near term, price is currently holding above the 157.50 level, which previously acted as resistance and is now serving as an important support zone. As long as the pair maintains stability above this area, the bullish bias remains intact and the market may continue to probe higher toward the 159.35 resistance level.
Momentum indicators are showing relatively balanced conditions after the recent advance. RSI is hovering slightly above the midline near the 50–60 region, indicating moderate bullish momentum without reaching overbought territory. Meanwhile, MACD is beginning to flatten, suggesting that the strong upward momentum seen earlier is easing as the pair consolidates near recent highs. Overall, the technical structure remains constructive while price holds above key support, with the next directional move likely depending on whether the market can decisively challenge the 159.33 resistance zone.
Resistance Levels: 159.35, 160.35
Support Levels:157.50, 155.60
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