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ETH, H4:
Ethereum has been trading within a broad consolidation range over the past three weeks, with price volatility gradually contracting in recent sessions as ETH hovered near the $1,900 level. The narrowing range suggested that the market was building toward a decisive breakout as buying and selling pressure became increasingly balanced.
The latest price action shows that Ethereum has broken below the consolidation range, triggering a short-term bearish signal and indicating that sellers have gained the upper hand in the near term. The downside breakout suggests that bearish momentum may be building after an extended period of sideways trading.
However, further confirmation is still required before a broader bearish outlook can be established. The key level to watch is the lower boundary of the previous trading range near $1,836.40, which now serves as a critical support zone.
Should ETH fail to hold above $1,836.40, it would validate the downside breakout and reinforce the bearish bias. Such a move would indicate that the recent consolidation phase has resolved to the downside and could open the door for a deeper correction in the sessions ahead.
Conversely, if Ethereum manages to defend the $1,836.40 support level and recover back into its previous trading range, the bearish breakout could prove to be a false signal, potentially leading to renewed consolidation or a recovery attempt.
Resistance Levels: 2008.35, 2184.10
Support Levels: 1836.40, 1694.45

GBPJPY, H4
The GBP/JPY pair has extended its bullish recovery and is now approaching a critical resistance zone near 215.20, which coincides with the 61.8% Fibonacci Retracement level. This area represents a significant technical barrier and is likely to play a key role in determining the pair’s next major directional move.
Given the importance of this resistance zone, a degree of selling pressure or profit-taking is expected as GBP/JPY approaches 215.20. A short-term rejection from this level would not be surprising and could trigger a temporary pullback or consolidation phase.
However, the broader outlook remains constructive as long as the pair continues to maintain its recent bullish momentum. A decisive breakout above the 215.20 resistance level would represent a significant structural break, confirming that buyers have regained control of the longer-term trend.
Should GBP/JPY successfully break and sustain above 215.20, the pair would likely attract renewed buying interest and could accelerate toward its previous peak near 218.00. A move beyond this level would further reinforce the bullish outlook and potentially open the door for additional gains into new highs.
Resistance Levels: 216.75, 218.70
Support Levels:214.12, 213.05
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