
ETH, H4:
ETH on the chart is attempting to recover after a prolonged downtrend, but the broader structure remains cautious. Price recently rebounded from the 2,780 support region and is now testing resistance around 3,050 a level that previously acted as a breakdown point. Despite the bounce, ETH is still trading below multiple key swing levels, keeping the broader trend tilted bearish with lower highs still intact.
RSI has climbed toward the mid-50s, signaling stabilizing momentum but not yet a decisive shift in trend strength. MACD is in the process of forming a bullish crossover above the neutral line, indicating early signs of positive momentum buildup, though follow-through is still required to validate a stronger reversal. Until ETH can convincingly reclaim key resistance, the overall outlook remains neutral-to-bearish, with upside attempts vulnerable to exhaustion.
Resistance Levels: 3050.00, 3180.00
Support Levels: 2930.00, 2780.00

USOIL, H4
The USOIL chart shows crude attempting to stabilize after an extended downtrend that unfolded through October, marked by a well-defined descending channel. Price has since broken out of that bearish structure but remains capped beneath the 60.40 resistance zone, which has repeatedly acted as a ceiling throughout November. After sliding into the 56.30 support area earlier in the month, oil has begun forming a mild recovery structure, with buyers slowly reclaiming ground but still struggling to generate a decisive trend reversal.
Momentum indicators provide early signs of recovery but have not yet confirmed a sustained bullish turn. The RSI has climbed toward the mid-50s, indicating improving but still moderate bullish strength. Meanwhile, the MACD has produced a mild bullish crossover with green histogram bars emerging, suggesting early upward pressure but lacking strong acceleration.
Overall, USOIL remains in a stabilization phase after a prolonged decline, with 60.40 acting as the immediate pivot that will determine whether the market transitions into a fuller recovery. A breakout above this level could shift sentiment more decisively bullish, while continued rejection would keep prices vulnerable to range-bound drift or renewed downside.
Resistance Levels: 60.40, 62.30
Support Levels: 58.30, 55.50
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