Published: 31 March 2026,01:45
Chart The Market
ETH, H4:
Ethereum is showing signs of renewed weakness after failing to sustain its recent recovery, with price action rolling over near a key resistance zone. ETH recently rejected the $2,165 resistance level, a zone that has repeatedly capped upside attempts. This failure to break higher suggests that bullish momentum remains limited, with sellers stepping in to defend this area. The rejection has pushed price back toward the $2,015 support region, which now serves as a critical near-term pivot.
Momentum indicators lean cautiously bearish. The Relative Strength Index has turned lower and is hovering below the neutral 50 level, reflecting weakening buying pressure. Meanwhile, the Moving Average Convergence Divergence is attempting a minor bullish crossover but remains close to the zero line, indicating that any upside momentum lacks conviction and could fade quickly. Overall, ETH appears to be retesting key support after a failed breakout, with the next directional move likely dependent on whether the $2,015 zone holds or breaks.
Resistance Levels: 2015.00, 2165.00
Support Levels: 1910.00, 1825.00
NASDAQ, H4
Nasdaq is clearly shifting into a bearish structure, with price breaking key support and accelerating to the downside. The most recent bearish candlestick reflects a decline of approximately -1.2%, highlighting the intensity of the latest selling momentum and reinforcing the current downside bias. The most important development here is the decisive breakdown below the 23,000 support zone, which previously acted as a strong demand area. This level has now flipped into resistance, confirming a trend shift from consolidation to downside continuation. The break also invalidates the prior ascending trendline, signaling that buyers have lost control.Price is now hovering around 22,955, with bearish momentum still dominant.
Momentum indicators strongly support the downside scenario. The RSI is sitting near 29, approaching oversold territory but still trending lower indicating persistent selling pressure rather than immediate reversal. Meanwhile, the MACD is deeply negative and expanding, showing strong bearish momentum with no clear signs of divergence yet.
Overall, Nasdaq is in a breakdown phase with continuation risk, and while short-term bounces are possible due to oversold conditions, the broader bias remains bearish unless price reclaims broken support levels.
Resistance Levels: 24,340.00, 25,310.00
Support Levels: 22,935.00, 21,550.00
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