Metals
Ethereum Technical Analysis
Ethereum is currently trading at $3,028, in a low-volatility consolidation phase following a significant drop from its previous highs, which has placed it in a clear overall downtrend. The price action shows indecision, with small, overlapping candles clustering just above the critical support at $2,875.
All major moving averages are aligned bearishly and are flattening, consistent with the current period of sideways trading, indicating that while the strong selling pressure has paused, the dominant trend remains down.
MACD reflects this indecision, with both lines near the zero point and appearing to attempt a subtle bullish crossover, though this signal is tentative and occurs below the zero line, suggesting only a reduction in bearish momentum rather than a definitive reversal.
The immediate technical outlook hinges on whether the price breaks above the local resistance around $3,200 or falls below the key $2,872 support.
Ethereum 4H Chart
| Resistance | $3,168 | $3,265 | $3,400 |
| Support | $2,873 | $2,750 | $2,689 |
Nasdaq Technical Analysis
The Nasdaq 100 is currently exhibiting a potential short-term reversal, trading at 25,146 after a solid bounce from its recent swing low, though it remains within a broader established downtrend that began at its peak near 26,289. The price action, marked by recent strong green candles, suggests renewed buying momentum at the current support level. Technically, the faster 5-period and 10-period moving averages are slopping upward and approaching the crucial 30-period moving average. 25,500-25,700 will act as the immediate, significant dynamic resistance; a decisive break above this is required to challenge the intermediate downtrend structure.
Reinforcing this bullish momentum is the MACD indicator, which has executed a definitive bullish crossover, signaling that bearish momentum is rapidly fading.
Nasdaq 4H Chart
| Resistance | 25,269 | 25,730 | 26,134 |
| Support | 24,843 | 24,600 | 24,349 |
EURUSD Technical Analysis
EURUSD currently stands at around 1.1520, dominated by a sharp, bearish price move that has broken below near-term support levels after peaking around 1.1668 earlier in November.
The 4-hour chart structure is firmly bearish, with the Moving Averages aligned in a classic descending order and actively sloping downwards, confirming the strength of the short-term downtrend and acting as dynamic resistance for any potential rallies.
MACD strongly validates this sentiment, having recently completed a fresh bearish crossover below the zero line, and expanding into negative territory, indicating accelerating selling pressure.
The overall trend on the EURUSD remains bearish as the dollar strengthens and the Dollar index (DXY) remains above 100.
EURUSD 4H Chart
| Resistance | 1.1561 | 1.1600 | 1.1653 |
| Support | 1.1496 | 1.1465 | 1.1397 |
