Published: 22 December 2025,03:42
Chart The Market
ETH, H4:
Ethereum has suffered a clear breakdown in its medium-term structure, confirming a shift into a corrective-to-bearish phase on the chart. Price has failed to sustain rebounds above former support zones and continues to trade below multiple key resistance levels, signaling that bullish attempts are being consistently absorbed by supply. The broader price action reflects a transition from trend continuation into distribution, followed by renewed downside pressure.
Momentum indicators strongly validate the negative structural setup. The RSI remains suppressed below the neutral 50 level, reflecting weak underlying demand and an absence of sustained buying interest. Although brief RSI rebounds have occurred, they have failed to generate bullish follow-through, underscoring the corrective nature of recent price action. Meanwhile, the MACD remains below the zero line with only shallow recovery attempts, indicating that bearish momentum continues to dominate despite short-lived consolidations.
The combination of failed structural reclaim attempts, persistent lower highs, and subdued momentum paints a coherent bearish picture. Former support zones have now transitioned into resistance, reinforcing downside control. Until then, the path of least resistance remains skewed to the downside.
Resistance Levels: 3050.00, 3180.00
Support Levels: 2930.00, 2780.00
Nasdaq, H4
Nasdaq remains constructive on the chart despite the recent consolidation below the record-high region, with the price holding firm above the 23,900 support level. After breaking higher from the prior accumulation base around 22,500, the index extended strongly into the upper range before easing into a sideways pullback, suggesting digestion of gains rather than a trend reversal. From a structural standpoint, the broader bullish structure remains intact. The market continues to form higher lows above the 23,900 (0.786 retracement) level, which aligns with the previous breakout zone and now acts as key demand.
Momentum indicators reflect a cooling but still supportive environment. The RSI is holding in the low-to-mid 50s, indicating a healthy reset from earlier overbought conditions rather than bearish momentum. Meanwhile, the MACD remains slightly negative with a flattening histogram, signaling slowing downside momentum and the potential for stabilization if buying interest re-emerges.Overall, Nasdaq retains a bullish bias on the chart, with the current price action appearing as consolidation within a broader uptrend.
Resistance Levels: 25,695.00, 28,000.00
Support Levels: 23,900.00, 22,500.00
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