Published: 17 March 2026,02:12
Chart The Market
ETH, H4:
Ethereum has surged sharply, rallying approximately 12% from the recent support zone near 2,100 to trade around 2,353. The strong bullish momentum accelerated after price decisively broke above the 2,151 resistance level, which previously capped several rallies. This breakout confirms renewed upside momentum and signals a potential continuation of the broader recovery trend.
Currently, Ethereum is approaching the next key resistance near 2,390, which sits roughly 1.5% above current levels. A successful break above this barrier could open the door for further upside extension, potentially pushing the price toward the 2,450 region in the near term. On the downside, the 2,150 level, which previously acted as resistance, may now serve as the first key support.
Momentum indicators strongly support the bullish outlook. RSI has climbed above 80, indicating strong buying pressure and signaling that the market is approaching overbought territory following the recent surge. Meanwhile, MACD remains firmly in positive territory with widening histogram bars, reflecting accelerating upward momentum. Overall, Ethereum’s breakout above 2,150 highlights strong bullish sentiment, though traders may watch for short-term consolidation as the price approaches the 2,390 resistance zone.
Resistance Levels: 2390.00, 2600.00
Support Levels:2150.00, 2015.00
Dow Jones, H4
The Dow Jones Industrial Average remains under bearish pressure after breaking below the key 48,500 support level, triggering an accelerated decline. From the recent swing high near 50,195, the index has fallen to around 46,950, representing a drop of approximately 6.5%. The breakdown also pushed the index below the previous rising trendline, signaling a deterioration in the earlier bullish market structure.
Currently, the index is attempting to stabilize near the 47,055 support zone, which sits just slightly above current levels. If buyers manage to defend this area, a short-term rebound could develop toward the 48,500 resistance level. However, if the market fails to hold above 47,055, further downside may emerge toward the 45,770 support region.
Momentum indicators continue to reflect weak market sentiment. RSI is hovering near the mid-30 level, indicating persistent bearish momentum though the market is approaching oversold territory. Meanwhile, MACD remains deeply in negative territory with widening histogram bars, suggesting that selling pressure is still dominant despite the recent minor stabilization. Overall, the Dow Jones remains in a corrective phase after the sharp decline, with 47,055 acting as the key near-term level that could determine whether the market stabilizes or extends its losses further.
Resistance Levels: 47,055.00, 48,500.00
Support Levels:45,770.00, 44,680.00
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