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Published: 31 July 2026,06:15
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ETH, H4:
Ethereum continues to trade beneath its key resistance zone near $1,935, maintaining a cautious and bearish near-term outlook for the cryptocurrency. The inability to break above this resistance level suggests that buying momentum remains insufficient to trigger a sustained recovery, leaving ETH vulnerable to renewed selling pressure.
The $1,935 level has emerged as a critical barrier for the market. Unless Ethereum can gather sufficient momentum and achieve a decisive breakout above this resistance zone, the current sideways consolidation is likely to resolve to the downside.
A failure to overcome $1,935 would reinforce the prevailing bearish bias and increase the likelihood of Ethereum resuming its broader downtrend. In such a scenario, sellers could regain control and push the cryptocurrency toward its previous support levels.
Should bearish momentum accelerate, Ethereum may revisit its recent low near $1,700, which represents the next major downside target and a key support area for the market.
Resistance Levels: 2008.35, 2184.10
Support Levels1845.90, 1700.00
S&P 500, H4
The S&P 500 has broken above its descending channel, signaling that the recent short-term bearish trend has likely come to an end and suggesting that the broader long-term bullish trend may be resuming.
The breakout represents an important improvement in the index’s technical structure, indicating that buyers have regained control after a period of consolidation and corrective price action. This development strengthens the case for a continuation of the primary uptrend that has supported the market over the longer term.
The next key hurdle for the index is the immediate resistance level at 7,582.80, which coincides with its all-time high. A decisive breakout above this level would confirm the bullish momentum and further validate the positive outlook for the S&P 500.
Should the index gather sufficient momentum and successfully clear 7,582.80, it would signal a fresh bullish breakout and open the door for the S&P 500 to establish new record highs. Such a move would likely attract additional buying interest and reinforce the prevailing uptrend.
Resistance Levels: 7582.80, 7693.05
Support Levels: 7436.70, 7320.90
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