Chart the Market (01/09/2026)
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Chart the Market (01/09/2026)

Published: 1 September 2026,05:44

Published: 1 September 2026,05:44

Chart The Market

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EURJPY,  H4:                                                               

The EUR/JPY pair has been trading within an extremely narrow range near its weekly peak, remaining underneath the 186.00 psychological resistance level. While the pair continues to consolidate, momentum indicators are pointing to signs of exhaustion.

Both the MACD and RSI have been trending lower, suggesting that the bullish momentum that previously propelled EUR/JPY more than 3.5% higher from its recent low is gradually fading. This indicates that the pair may be entering a period of consolidation before its next directional move.

The 184.80 level is now the key short-term support to watch. Should EUR/JPY fail to hold above this level and break decisively below it, the weakening momentum could develop into a round of technical correction.

Overall, EUR/JPY remains range-bound beneath 186.00, but the declining MACD and RSI suggest that bullish momentum is losing steam. 184.80 is the critical support level, with a break below it potentially confirming a deeper technical correction.

Resistance Levels:186.30, 187.55

Support Levels: 184.80, 183.15

ETH, H4

Ethereum skyrocketed by more than 30% last week before entering a range-bound consolidation phase between $2,390 and $2,570. The narrowing price action suggests that the strong bullish momentum seen during the previous rally is beginning to ease.

This weakening momentum is also reflected in the technical indicators, with the MACD poised to break below the zero line while the RSI is hovering around the mid-level, indicating that buying pressure is fading and the market is becoming more balanced between buyers and sellers.

Despite these signs of momentum exhaustion, the broader bullish bias for ETH remains intact as long as the crypto can maintain its current range-bound structure. A decisive breakout from the range will likely provide the next major directional signal.

Should ETH break below the lower boundary near $2,390, it could trigger a deeper technical correction as sellers gain control. Conversely, a breakout above $2,570 would signal that buyers have regained traction and could pave the way for another bullish leg.

Overall, ETH remains bullish following its powerful rally, but weakening MACD and neutralizing RSI momentum warrant caution. The $2,390–$2,570 range is now the key zone to watch, with a break below the lower boundary potentially opening the door to a deeper correction.

Resistance Levels: 2570.00, 2720.00

Support Levels: 2390.00, 2185.00

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