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Published: 18 May 2026,06:09
Daily Market Analysis New
ETH, H4:
Ethereum has displayed a pronounced bearish trend, with the cryptocurrency falling to its lowest level since early April. The latest price action suggests that selling pressure continues to dominate, reinforcing the view that bearish momentum has become increasingly overwhelming for ETH.
The negative outlook is further supported by momentum indicators. The Relative Strength Index (RSI) has moved into oversold territory, highlighting the intensity of the recent sell-off, while the Moving Average Convergence Divergence (MACD) continues to trend lower after crossing beneath the zero line. Both indicators point toward accelerating downside momentum and strengthening bearish sentiment.
Given the current technical setup, ETH may remain vulnerable to further weakness in the near term, with the possibility of extending losses and challenging new lows should selling pressure persist.
However, as oversold conditions become increasingly stretched, traders should also remain mindful of the potential for short-term technical rebounds before the broader trend resumes.
Resistance Levels: 2377.35, 2674.95
Support Levels: 1825.80, 1535.45
Dow Jones, H4
The Dow Jones Industrial Average has formed a triple-top price pattern near the key psychological level at 50,000, a technical formation that often signals exhaustion in buying momentum and raises the possibility of a trend reversal.
Following the pattern formation, the index experienced a notable sell-off that resulted in a break below its short-term uptrend structure, reinforcing a bearish near-term outlook and suggesting that downside pressure is beginning to take control.
Momentum indicators further support this negative bias. The Relative Strength Index (RSI) continues to trend lower, reflecting weakening buying momentum, while the Moving Average Convergence Divergence (MACD) has crossed below the zero line, indicating that bearish momentum remains intact.
Given the current technical setup, the Dow may remain vulnerable to further downside movement, with the immediate support level at 48,486.90 emerging as the next key area to monitor. A decisive break below this support zone could accelerate selling pressure and potentially trigger a deeper corrective move in the near term.
Resistance Levels: 49,600.00, 50,505.85
Support Levels: 48,486.90, 47,448.00
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