Chart the Market (13/03/2026)
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Chart the Market (13/03/2026)

Published: 13 March 2026,02:36

Published: 13 March 2026,02:36

Chart The Market

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ETH, H4:                                                               

Ethereum has regained bullish momentum after rebounding strongly from the 1,910 support level,climbing approximately 11% to trade near 2,125. Following a brief consolidation phase around the 2,000 psychological area, price gradually built higher lows before accelerating upward, pushing back above the 2,015 resistance zone. This recovery suggests that buying interest has strengthened again, allowing the market to challenge the next key resistance near 2,150.Currently, price is trading just below the 2,151 resistance level, which previously acted as a supply zone during earlier rallies. A sustained break above this level could confirm a continuation of the short-term bullish structure and potentially open the path toward the next upside targets. However, if price struggles to break above this resistance and begins to pull back, the 2,015 level will likely serve as the first key support. A deeper correction could then revisit the 1,910 support area, which remains a critical level that previously triggered the recent rebound.

Momentum indicators are also reflecting improving bullish sentiment. RSI is trending upward and currently sits in the upper range near the mid-60s, indicating strengthening buying pressure without yet reaching extreme overbought conditions. Meanwhile, MACD has turned positive with the signal lines moving higher and the histogram expanding on the upside, suggesting that bullish momentum is continuing to build. Overall, Ethereum appears to be attempting another upward leg within its broader consolidation range, with the 2,150 resistance acting as the immediate barrier that could determine whether the rally extends further.

Resistance Levels: 2150.00, 2235.00

Support Levels: 2015.00, 1910.00

USDJPY,  H4

USD/JPY continues to maintain a firm bullish structure, supported by a rising trendline that has guided the pair higher since the consolidation phase near the 153.00 region. After forming a base within the 152.60–153.90 range, the pair established a steady sequence of higher highs and higher lows, indicating sustained upward momentum. Recent price action shows the pair approaching the key resistance level around 159.35, which represents the next major barrier following the latest rally.

Momentum indicators also suggest that bullish sentiment is still present, although the market is approaching slightly stretched conditions. RSI is trending higher and currently sits in the upper range near the mid-60s, reflecting strengthening buying pressure without yet entering extreme overbought territory. Meanwhile, MACD remains in positive territory with the signal lines pointing upward, indicating that upward momentum is still developing. Overall, the technical structure favors continued upside while price holds above the key support zones, with the 159.35 resistance acting as the immediate level that may determine the next directional move.

Resistance Levels: 159.35, 160.35

Support Levels: 157.50, 155.60

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