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Published: 10 July 2026,07:55
Chart The Market
ETH, H4:
Ethereum has been trading in a relatively narrow sideways range around the $1,750 level in recent sessions, suggesting that the market is consolidating following its previous rally. This period of consolidation indicates a temporary balance between buyers and sellers as the cryptocurrency builds momentum for its next directional move.
Despite the lack of a decisive breakout, the latest price action points to a potential continuation of the prevailing bullish trend. ETH has climbed back toward the upper boundary of its recent trading range, reflecting renewed buying interest and improving market sentiment.
Momentum indicators also support the constructive outlook. The Moving Average Convergence Divergence (MACD) is rebounding above the zero line, suggesting that bullish momentum is strengthening and that buyers are gradually regaining control of the market. This positive momentum shift increases the likelihood of an upside breakout if buying pressure continues to build.
Resistance Levels: 1845.90, 2008.35
Support Levels: 1692.50, 1556.50
XAGUSD, H4
Silver has delivered a notable bullish signal after breaking above its descending channel and reclaiming the key psychological level of $60.00. The breakout marks a significant improvement in the metal’s technical structure, suggesting that the recent bearish trend may have come to an end and that buyers are beginning to regain control of the market.
The successful move above the descending channel indicates that selling pressure has weakened considerably, while the recovery above $60.00 reinforces the view that market sentiment is shifting in favor of the bulls. This breakout could represent the early stages of a broader trend reversal if supported by sustained buying momentum.
Despite the encouraging technical setup, silver still faces an important hurdle at the immediate resistance level of $61.60. This zone is expected to attract renewed selling interest, making it a critical level to determine whether the current recovery has sufficient strength to continue.
A decisive break above $61.60 would provide strong confirmation of the bullish trend reversal, validating the recent breakout from the descending channel and increasing the likelihood of further upside. Such a move would signal that buyers have fully regained control of the market and could pave the way for an extension of the current rally.
Conversely, failure to overcome the $61.60 resistance may result in a period of consolidation or a short-term pullback, as traders lock in profits following the recent advance. However, as long as silver remains above the $60.00 psychological level, the broader near-term outlook is expected to remain constructive.
Resistance Levels: 61.60, 65.30
Support Levels:56.70, 52.80
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