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Published: 10 June 2026,08:46
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SPCX, H4:
The derivative instrument linked to SpaceX experienced a notable sell-off in the previous session, reflecting a period of heightened bearish pressure. However, recent price action suggests that the decline may be losing momentum, with the instrument appearing to stabilize and consolidate near its recent lows.
More importantly, the derivative has begun to form a higher-low price structure, a technical development that often signals improving market sentiment and the potential emergence of a bullish trend reversal. The formation of higher lows indicates that buyers are gradually stepping in at increasingly higher levels, suggesting that demand may be strengthening after the recent correction.
While the early signs are constructive, confirmation of a trend reversal is still required. The key level to monitor is the previous swing high at 177.35. A decisive break above this resistance would validate the higher-low structure and provide stronger evidence that buyers have regained control of the market.
Should SpaceX gather sufficient momentum and successfully move above 177.35, the breakout would reinforce the bullish outlook and could trigger a broader recovery phase. Such a move would confirm a shift in market structure from bearish to bullish and potentially attract additional buying interest.
Resistance Levels: 179.10, 188.50
Support Levels: 160.80, 153.00
ETH, H4
Ethereum staged a technical rebound from its recent low near the $1,550 level, recovering toward the $1,700 region before entering a period of sideways consolidation. The rebound initially suggested that buying interest had emerged at lower levels, helping to stabilize the market following a prolonged decline.
However, the latest price action indicates that the recovery may have lost momentum. ETH has broken below its recent consolidation range, a development that suggests the rebound phase has likely come to an end and that bearish pressure is once again gaining traction.
The breakdown from the range-bound structure is a negative technical signal, as it reflects the inability of buyers to sustain the recovery and maintain support at higher levels. As a result, Ethereum now appears vulnerable to a retest of its previous low below the $1,550 mark.
This support zone is particularly important, as it represents a key level that previously triggered a technical rebound. Should ETH fail to defend this area and break decisively below it, the bearish outlook would be further reinforced and could pave the way for a deeper decline.
Under such a scenario, attention would shift to the next major support level near $1,200. A move toward this region would signal a significant extension of the current downtrend and highlight the continued dominance of bearish sentiment in the market.
Resistance Levels: 1825.80, 2132.00
Support Levels: 1535.45, 1258.60
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