Published: 29 January 2026,05:53
Chart The Market
ETH, H4:
Ethereum is attempting to stabilize after a sharp corrective move, with price rebounding from the 2,780 support level on the chart. The recent selloff followed a rejection near the 3,350 resistance level, where upside momentum stalled and triggered a decisive breakdown through intermediate supports. Since then, ETH has formed a higher low, suggesting short-term stabilization rather than a full trend reversal.
Momentum indicators are turning constructive but remain neutral overall. RSI has recovered back toward the mid-50s, signaling improving momentum without entering overbought territory, while MACD is crossing higher, pointing to a potential short-term recovery phase. That said, price continues to trade below key resistance at 3,050–3,180, keeping the broader structure range-bound.
Resistance Levels: 3050.00, 3180.00
Support Levels: 2930.00, 2780.00
Nasdaq, H4
The Nasdaq index has staged a decisive upside breakout on the chart, pushing above the prior double-top resistance zone near 25,800, confirming a shift in near-term market structure. After repeatedly failing at this level earlier in the month, price action finally achieved a clean close above resistance, with the breakout supported by an ascending trendline that has guided the broader uptrend since mid-January. This confluence breakout marks a bullish continuation rather than a false move, as follow-through buying propelled the index toward the 25,800 –26,200 supply zone.
Momentum indicators align with the bullish price action. RSI broke into overbought territory during the breakout phase, reflecting strong upside momentum, while MACD remains in positive territory with an expanding histogram, signaling sustained bullish pressure despite the recent minor pullback.
Near-term, the former double-top region around 25,800 now acts as key support. As long as price holds above this level, the broader bias remains constructive, with scope for further upside extension toward fresh record-high territory. A failure back below the breakout zone, however, would suggest a false break and open the door for a deeper consolidation.
Resistance Levels: 26,200.00, 26,500.00
Support Levels: 25,800.00, 25,420.00
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