22 October 2025,05:52
Chart The Market
22 October 2025, 05:52
ETH, H4:
Ethereum (ETH/USD) has undergone a notable technical deterioration, erasing its recent rebound and slipping back below the short-term moving averages. This structural weakness signals a shift in near-term momentum to a bearish bias, with price action now testing a critical support zone near $3,870.
The ability to defend this level will be crucial that failure to establish support here could invite another leg lower toward the next significant technical area near $3,696, representing a potential decline of around 5% from current levels.
Momentum indicators confirm the weakening setup. The Relative Strength Index (RSI) has slipped below its midline, signaling growing selling pressure, while the MACD remains below its signal line and is struggling to regain positive momentum. This alignment suggests that the previous bullish impulse has largely faded, leaving ETH vulnerable to renewed downside momentum unless buyers step in to defend current support.
Resistance Levels: 3925.00, 4275.00
Support Levels: 3696.00, 3520.00
USDJPY, H4
USD/JPY is showing early signs of stabilization after rebounding from the 148.70 demand level, a key area that previously acted as a strong accumulation base. The pair has since reclaimed ground above the 150.35 short-term support, suggesting that bullish momentum is attempting to reassert itself following the recent correction.
Momentum readings reflect this tentative recovery phase. The RSI is hovering near 57, staying above the neutral 50 threshold to indicate mild bullish bias, while the MACD remains in positive territory with a modest upward slope, supporting the case for sustained short-term buying interest.
Overall, USD/JPY is consolidating within a constructive structure, holding above key moving averages and critical support. A confirmed breakout above 152.00 would validate a bullish continuation, whereas a close below 150.35 would signal a potential return to range-bound conditions.
Resistance Levels: 152.00, 153.10
Support Levels: 150.35, 148.70
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