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ETH, H4:
ETH underwent a two-week period of price consolidation after staging a strong bullish surge of more than 30%, given a neutral signal for ETH. Following the sharp rally, the latest price action has shown that ETH is now finding support above the mid-level of its current range-bound structure, suggesting that buyers remain active.
The momentum indicators are also showing early signs of improvement, with the MACD showing signs of rebounding above the zero line. This development suggests that the bullish momentum may be gradually returning and could support another upward move if buying pressure continues to strengthen.
However, ETH remains within the broader consolidation structure for now, meaning a decisive breakout will be important to confirm whether the latest recovery can develop into another sustained bullish leg. Should ETH gather sufficient momentum and break above the current range-bound structure, this would provide a key bullish signal and further justify the continuation of the current upward trajectory.
Conversely, failure to break above the range could result in another period of sideways consolidation, particularly if bullish momentum begins to fade. A sustained move back below the mid-level of the range would also weaken the immediate bullish outlook and increase the risk of a deeper technical retracement.
Resistance Levels:2570.00, 2720.00
Support Levels: 2392.30, 2184.00

GBPJPY, H4
The GBP/JPY pair underwent a steep sell-off, with the pair declining by nearly 3% and falling to a new monthly low. The sharp downward move has significantly weakened the pair’s short-term price structure and created a notable imbalance following the aggressive selling pressure.
However, the latest price action suggests that the selling momentum has started to ease, with GBP/JPY now entering a period of price consolidation. During this consolidation phase, the pair has formed an asymmetric triangle price pattern, indicating that the market may be approaching another potential directional breakout as buyers and sellers continue to compete for control.
A decisive break above the upper boundary of the asymmetric triangle would provide an early bullish signal and could indicate that the pair is beginning a technical recovery following the recent steep decline. Should buying momentum strengthen after the breakout, GBP/JPY could potentially move higher to retrace part of the previous sell-off and fill the imbalance created during the sharp downtrend.
Conversely, failure to break above the triangle would suggest that the current consolidation remains unresolved and that bearish pressure could continue to dominate. A breakdown below the lower boundary of the pattern would weaken the recovery scenario and could expose the pair to another round of selling pressure, potentially leading to a retest of its recent monthly low.
Resistance Levels: 211.95, 213.40
Support Levels: 210.33, 208.95
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