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Chart the Market (30/10/2026)

Published: 30 October 2026,10:19

Chart The Market

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ETH, H4:

Ethereum (ETH/USD) is showing a strong bearish breakdown with selling pressure accelerating after price lost the key support level at 2,215.00. Following an extended period of lower highs and weakening price action, ETH has experienced a sharp sell-off, pushing the price down to approximately 2,205.00. The break below 2,215.00 indicates that sellers have regained control, increasing the possibility of further downside in the near term.

Momentum indicators are strongly bearish. The RSI has dropped to approximately 29, entering oversold territory and indicating significant selling pressure. Its average is around 45, highlighting the sharp deterioration in momentum. Meanwhile, the MACD shows a clear bearish configuration, with the MACD line below the signal line, while the histogram has expanded negatively. This suggests that bearish momentum is strengthening, although the oversold RSI increases the possibility of a temporary technical rebound.

Overall, the near-term outlook for Ethereum remains bearish, with the recent breakdown below 2,215.00 shifting the technical picture in favor of sellers. Unless ETH can reclaim this level, further downside toward 1,985.00 remains a possibility. However, given the deeply oversold RSI, a short-term relief rebound or consolidation should not be ruled out. A recovery above 2,215.00 would be the first sign of stabilization, while a stronger reversal would require price to reclaim 2,410.00. For now, the bearish structure remains dominant, and any short-term rebound may encounter selling pressure around the former support zone of 2,215.00.

ResistanceLevels: 2215.00, 2410.00

Support Levels: 2145.00, 2045.00

GBPUSD, H4

GBPUSD is showing a strong bullish recovery after breaking out of its previous consolidation range between 1.3190 and 1.3290. Following the breakout, price experienced a pullback toward the former resistance area before rebounding strongly toward the current level of approximately 1.3395. This price action suggests that buyers have regained short-term control, with the previous descending trendline breakout further supporting the improving bullish structure. However, price is now approaching an important resistance area around 1.3395, which could determine the next directional move.

Momentum indicators are currently supporting the bullish recovery. The RSI is around 67, indicating strong buying momentum and approaching overbought territory, although a short-term pullback remains possible. Meanwhile, the MACD has produced a bullish crossover, with the MACD line moving above the signal line and the histogram turning positive. This suggests that bullish momentum is accelerating and supports the possibility of further upside, although traders should remain cautious as price approaches resistance. Overall, the near-term outlook for GBPUSD remains bullish, supported by the breakout from the previous consolidation range, improving price structure and strengthening momentum indicators.

Resistance Levels: 1.3395, 1.3475

Support Levels: 1.3290, 1.3190

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