Published: 25 November 2025,05:30
Chart The Market
ETH, H4:
Ethereum has staged a robust 12% technical rebound from its July lows, yet this recovery has failed to overcome the critical resistance at $3,036—maintaining the pattern of lower highs that defines the prevailing downtrend. This rejection at a prior significant low-turned-resistance reinforces the bearish market structure and suggests the rebound may represent a correction within a broader decline rather than a sustainable reversal.
The cryptocurrency now faces a critical technical juncture. While the failure to reclaim the $3,036 level preserves the bearish near-term bias, momentum indicators are showing notable improvement. The Relative Strength Index (RSI) has advanced decisively above the 50 midline, indicating strengthening buying pressure, while the Moving Average Convergence Divergence (MACD) has completed a bullish crossover and is approaching its zero line.
This divergence between price action and momentum oscillators creates a nuanced technical picture. The bearish structure remains intact, yet improving momentum suggests selling pressure may be abating. For the bullish scenario to gain credibility, ETH must achieve a decisive break above the $3,036 resistance. Conversely, a rejection at current levels followed by a break below the recent swing low near $2,700 would confirm resumption of the downtrend.
Resistance Levels: 3223.70, 3448.00
Support Levels: 2687.50, 2494.30
Nasdaq, H4
The Nasdaq Composite has staged a robust 4% recovery from its recent low of 23,834, demonstrating significant technical strength. However, the index remains constrained beneath the critical 25,236 resistance level—maintaining the pattern of lower highs that has characterized its recent corrective phase.
This price action creates a clear technical demarcation: a sustained break above 25,236 would invalidate the bearish lower-high pattern and signal a potential resumption of the primary uptrend. Until this level is conquered, the near-term structure retains its bearish bias despite the vigorous rebound.
Momentum indicators present a notably constructive backdrop that contrasts with the price pattern. The Relative Strength Index (RSI) has surged above the 50 midline, indicating building bullish momentum, while the Moving Average Convergence Divergence (MACD) is poised for a bullish crossover above its zero line. This configuration suggests underlying buying pressure is accelerating.
The convergence of these technical factors creates a critical inflection point. The index must either break through the 25,236 resistance to confirm a trend reversal or face rejection that would reinforce the bearish structure. The 23,834 level now establishes important support—any retreat should hold above this level to preserve the recovery’s integrity.
Resistance Levels: 25,070.00, 25,400.00
Support Levels: 24,780.00, 24,430.00
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