Published: 3 December 2025,07:59
Chart The Market
ETH, H4:
Ethereum has staged a robust technical recovery, rallying more than 10% from its recent lows—a move that signals a strong potential shift in near-term momentum. However, the cryptocurrency now faces a decisive test as it approaches the critical resistance zone near $3,050, a level that has previously catalyzed rejections and capped upward movements.
The ability of ETH to secure a decisive and sustained break above the $3,050 threshold is now paramount. A successful daily close above this resistance would validate the current rebound as a meaningful bullish reversal, likely triggering accelerated buying interest and opening a path toward higher resistance levels.
Momentum indicators support this constructive narrative. The Relative Strength Index (RSI) has rebounded from lower levels, indicating a recovery in buying pressure. Concurrently, the Moving Average Convergence Divergence (MACD) is forming a pattern of higher lows, a technical development that suggests the prior bearish momentum has dissipated and a new bullish bias is emerging.
Resistance Levels: 3220.00, 3447.50
Support Levels:2928.60, 2687.50
GBPJPY, H4
The GBPJPY pair has sustained a critical technical breach, breaking decisively below its long-term uptrend support line. This breakdown is now being accompanied by the potential development of a head-and-shoulders topping pattern—a formation that, if confirmed, would signal a significant bearish trend reversal.
The integrity of the pattern hinges on the pair’s ability to remain below the neckline support. A sustained break and daily close beneath this level would complete the head-and-shoulders structure, confirming the reversal and likely triggering a new phase of sustained selling pressure, with an initial measured move target projected toward the 183.50 area.
Momentum indicators align with this deteriorating structure. The Relative Strength Index (RSI) has rolled over from overbought territory and is declining, indicating waning bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) has crossed below its zero line, confirming a shift to negative momentum. This confluence suggests the prior bullish trend has exhausted.
Resistance Levels: 208.00, 209.50
Support Levels: 204.00, 202.60
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