29 September 2025,03:33
Chart The Market
29 September 2025, 03:33
ETH, H4:
Ethereum has staged a technical recovery from its monthly low of $3,823, advancing more than 3% in the previous session to test a significant liquidity zone near $4,150. This level now represents a critical near-term resistance barrier—a rejection here would suggest the ongoing bearish trend remains intact, while a decisive break above could signal a more substantial reversal.
The rebound has been supported by improving momentum conditions. The Relative Strength Index has recovered above its midline, indicating a meaningful reduction in selling pressure, while the Moving Average Convergence Divergence has generated a bullish crossover—often referred to as a “golden cross”—at depressed levels and is now approaching its zero line. A confirmed move above this threshold would provide additional technical confirmation that bearish momentum is subsiding.
The cryptocurrency now faces a clear technical inflection point. A sustained move above $4,150, and particularly a break above the $4,250 level, would suggest a potential trend reversal is underway, potentially opening a path toward the next resistance near $4,400. Conversely, a failure to overcome this resistance zone would likely reinvigorate selling interest, with initial support now expected near the $3,900 level.
Resistance Levels: 4326.00, 4821.25
Support Levels: 3867.00, 3405.00
EURUSD, H4
The euro continues to face headwinds from broad U.S. dollar strength, with EUR/USD having declined more than 2% from its recent peak near 1.1918. The pair remains confined within a defined downtrend channel, despite showing signs of stabilization in recent sessions following a minor technical rebound from oversold conditions.
A decisive break above the descending channel resistance, currently near the 1.1760 level, would be necessary to signal a potential bullish reversal. This zone represents a confluence of technical barriers, including the trendline resistance and a previous support level that has now turned into resistance. A failure to overcome this barrier would suggest the prevailing bearish trend remains intact.
Momentum indicators reflect a market at an inflection point. The Relative Strength Index remains below its midline but has stabilized after rebounding from oversold territory, indicating that selling pressure may be moderating. Similarly, the Moving Average Convergence Divergence is showing early signs of potential stabilization at depressed levels, though it has yet to generate a confirmed bullish crossover.
Resistance Levels: 1.1810, 1.1880
Support Levels:1.1705, 1.1620
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