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Published: 28 July 2026,04:44
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ETH, H4:
Ethereum has experienced a false breakout at its critical resistance zone near $1,950, with the cryptocurrency subsequently retreating by more than 5% from its recent peak. The failed breakout suggests that buying momentum was insufficient to sustain a move above this key resistance level, allowing sellers to regain control of the market.
The rejection at $1,950 has weakened the near-term bullish outlook and shifted attention toward the key support level at $1,850. This support zone now serves as a critical technical pivot that could determine Ethereum’s next directional move.
Should ETH extend its current decline and break decisively below $1,850, it would confirm the bearish bias and validate the false-breakout scenario. Such a breakdown would indicate that selling pressure is intensifying and could trigger a deeper correction in the coming sessions.
In this scenario, the next major downside target would be the $1,700 support area, which represents a significant technical level and could attract renewed buying interest.
Resistance Levels: 2008.35, 2184.10
Support Levels:1850.00, 1700.00
XAGUSD, H4
Silver previously generated a bullish breakout signal after successfully breaking above its descending trendline, indicating a potential shift in market sentiment and the start of a recovery phase. However, the bullish momentum has begun to lose strength following the formation of a double-top pattern near the key $60.00 psychological resistance level.
The rejection at $60.00 suggests that sellers remain active at higher levels, preventing silver from extending its rally. As a result, the metal has retreated toward a critical near-term support zone around $57.25.
This support level is likely to be pivotal in determining silver’s next directional move. A successful rebound from $57.25 would indicate that the recent pullback is merely corrective in nature and could allow silver to resume its bullish trajectory. Such a move would reinforce the positive technical structure established after the trendline breakout and increase the likelihood of another attempt to challenge the $60.00 resistance area.
Conversely, a decisive break below $57.25 would weaken the bullish outlook and suggest that the recent breakout has lost momentum. In this scenario, silver could face a deeper correction, with the next major downside target located near its recent low around $55.10.
Resistance Levels: 58.95, 64.55
Support Levels: 54.40, 49.40
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