Chart the Market (21/11/2025)
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Chart the Market (21/11/2025)

Published: 21 November 2025,06:08

Published: 21 November 2025,06:08

Chart The Market

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ETH, H4: 

Ethereum remains firmly entrenched within a defined downtrend channel, with selling pressure intensifying as the cryptocurrency breaches the $2,800 psychological level to establish new corrective lows. The prevailing bearish structure suggests continued vulnerability, with the asset now approaching a critical technical juncture at the $2,780 immediate support level.

A decisive break below $2,780 would represent a significant technical deterioration, likely triggering accelerated selling momentum and opening a path toward the next substantial support zone near $2,600. This level now serves as the primary demarcation between continued consolidation within the current channel and a potential bearish acceleration.

Momentum indicators uniformly reflect the prevailing selling pressure. The Relative Strength Index (RSI) remains suppressed below the 50 midline, indicating persistent bearish momentum, while the Moving Average Convergence Divergence (MACD) continues to track flatly beneath its zero line, showing no signs of bullish divergence. This configuration suggests bearish dominance remains intact. For any meaningful recovery to materialize, ETH would need to reclaim the $3,000 level and break above the upper boundary of its descending channel.

Resistance Levels: 3052.00, 3320.50

Support Levels: 2520.00, 2300.00

Dow Jones,  H4

The Dow Jones Industrial Average has sustained a significant technical breakdown, decisively breaching its long-term uptrend support near the 46,900 level. This structural break has triggered a decline of over 2%, effectively erasing all prior recovery gains and establishing a new bearish technical framework.

The failure to maintain footing above this critical support level represents a substantial shift in market dynamics. The index now trades at monthly lows, confirming a deterioration in the broader bullish structure and establishing a negative near-term bias.

Momentum indicators uniformly support the bearish assessment. The Relative Strength Index (RSI) remains depressed near oversold territory, reflecting persistent selling pressure, while the Moving Average Convergence Divergence (MACD) continues its descent below the zero line. This configuration suggests bearish momentum remains firmly intact.

Resistance Levels: 46,165.00, 46,815.00

Support Levels: 45,530.00, 45,040.00

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