24/7 SUPPORT
Download App
Published: 22 May 2026,05:59
Chart The Market
ETH, H4:
Ethereum had previously been trading within a lower-high and lower-low price structure, which gradually developed into a well-defined downtrend channel and reflected persistent bearish momentum.
However, recent price action suggests that ETH is attempting to break out of this established downtrend channel, signaling the possibility of a bullish trend reversal and an improvement in short-term market sentiment. A successful breakout from the channel could indicate that selling pressure is beginning to ease and that buyers are gradually regaining control.
Despite the improving technical picture, ETH is expected to encounter a significant challenge near the $2,200 level, which now serves as an important resistance zone. This level may act as a key test for the cryptocurrency’s recovery attempt.
A decisive break and sustained move above $2,200 would provide stronger confirmation of the bullish reversal scenario and further validate the shift in market structure. Such a move could reinforce buying momentum and potentially pave the way for a broader recovery.
Until then, while early signs of stabilization are emerging, ETH will still need to overcome key resistance levels before a stronger bullish outlook can be confirmed.
Resistance Levels: 2167.20, 2263.90
Support Levels: 2074.00, 1980.20
USDJPY, H4
USD/JPY has been trading in an extended sideways consolidation phase after a strong rally that saw the pair gain more than 2.5% from its recent low. The current range-bound movement suggests that the market may be entering a period of consolidation as traders assess the sustainability of the previous upward move.
Momentum indicators are beginning to signal a moderation in bullish strength. The Relative Strength Index (RSI) has retreated from overbought territory, indicating that buying momentum is gradually cooling. Meanwhile, the Moving Average Convergence Divergence (MACD) has formed a bearish crossover near elevated levels, suggesting that upside momentum may be weakening.
Taken together, these technical signals point toward the possibility of a short-term corrective pullback, particularly after the pair’s strong recent advance. While the broader trend may remain constructive, the easing momentum suggests that USD/JPY could experience additional consolidation or temporary downside pressure in the near term before attempting another directional move.
Resistance Levels: 159.90, 161.05
Support Levels: 158.75, 157.80
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
