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Published: 20 May 2026,03:49
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XAGUSD, H4:
Silver has extended its current bearish trend and is now approaching a critical liquidity zone, which also coincides with the lowest point of the previous bullish rally. This area could act as a significant support region and may trigger a strong technical rebound if buying interest emerges.
However, momentum indicators continue to suggest that downside pressure remains dominant. The Relative Strength Index (RSI) is still hovering near oversold territory, reflecting persistent selling pressure, while the Moving Average Convergence Divergence (MACD) continues to trend lower, indicating that bearish momentum remains firmly intact.
Given the current technical setup, although the liquidity zone may provide temporary support and potentially generate a rebound, the strength of the prevailing bearish momentum raises the risk that silver could break below this area and extend its decline further.
Overall, the metal remains vulnerable to additional downside pressure unless clear signs of stabilization or a reversal in momentum begin to emerge.
Resistance Levels: 78.70, 83.45
Support Levels: 71.95, 66.85
ETH, H4
Ethereum has been trading within an established downtrend channel after encountering strong resistance near the $2,415 level, reinforcing the prevailing bearish structure and reflecting persistent selling pressure in recent sessions.
However, ETH is now approaching a critical liquidity zone around the $2,070 level, an area that could serve as a significant support region and potentially trigger a technical rebound following the cryptocurrency’s extended week-long decline. Liquidity zones often attract renewed buying interest, making this level important to monitor for potential changes in market direction.
Momentum indicators are also beginning to suggest that bearish pressure may be moderating. The Relative Strength Index (RSI) remains close to oversold territory, indicating that selling conditions are becoming increasingly stretched. Meanwhile, the Moving Average Convergence Divergence (MACD) has formed a bullish crossover near the bottom, providing an early signal that downside momentum may be easing and that a potential trend reversal could be developing.
While the broader trend remains bearish for now, improving momentum signals suggest that ETH may have the potential to stage a technical recovery if support around the $2,070 level successfully holds.
Resistance Levels: 2167.15, 2263.90
Support Levels: 2070.00, 1980.15
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