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ETH, H4:
Ethereum is now trading within a price consolidation phase after staging a remarkable rally of more than 30% last week. Following such a sharp advance, the latest price action suggests that bullish momentum is beginning to ease.
The MACD is now trending lower, while the RSI has fallen out of the overbought zone, indicating that buying pressure is weakening and that ETH could undergo a technical correction in the near term if bullish momentum continues to fade.
The current range-bound structure is therefore an important technical zone to monitor. A decisive breakout from either side of the range could provide a clearer signal for the next major trend direction. A breakout above the range would suggest that buyers have regained momentum and could signal a continuation of the bullish trend, while a break below the range would increase the risk of a bearish reversal.
Should the bearish scenario materialize, ETH is expected to find strong support near $2,200, where buyers may attempt to defend the recent bullish structure.
Resistance Levels: 2570.00, 2720.00
Support Levels: 2392.30, 2184.10

Nasdaq, H4
Nasdaq underwent a round of technical correction before finding solid support above the 29,000 level. The index has since regained traction and successfully broken above its previous downtrend trendline, providing an early signal that the recent bearish pressure may be easing.
The next key hurdle is the immediate resistance level at 29,660.30. Should Nasdaq gather sufficient momentum and break decisively above this level, it would further confirm the bullish trend reversal and strengthen the case for a continuation of the current recovery.
As long as the index continues to hold above the broken downtrend structure and maintains its recovery momentum, the near-term technical outlook is tilted toward the upside.
Overall, 29,660.30 is the critical level to watch. A sustainable breakout above this resistance would help justify the bullish bias for Nasdaq and could open the path for further gains in the next leg.
Resistance Levels: 29,660.30, 30,186.00
Support Levels: 29,084.50, 28,480.00
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