Published: 8 December 2025,03:19
Chart The Market
ETH, H4:
ETH is currently trading just beneath the 3,180 resistance level after rebounding strongly from the 2,930 support zone earlier in the week. The recovery has been relatively steady, but the inability to break and firmly hold above the 3,180 barrier suggests that the market is still encountering meaningful overhead supply. The latest candle shows a sharp rejection from this zone, signaling that buyers are losing momentum on approach to resistance. As long as price remains capped below 3,180, the structure leans toward a consolidative or mildly bearish tone, especially considering ETH is still trading below several key swing highs from late November.
From a momentum standpoint, the RSI is hovering around 48, sitting slightly below the midpoint (50). This reflects a neutral-to-weak bullish environment, where momentum is not strong enough to support a sustained breakout. The RSI is also not in oversold territory, which indicates that sellers still have room to exert pressure without triggering exhaustion signals. The MACD histogram has recently shifted back toward the negative side, and while the MACD lines are flattening, they show no clear bullish momentum buildup. The latest crossover is weak and lacks the expansion typically associated with a strong bullish reversal, reinforcing the idea that momentum remains fragile.
Resistance Levels: 3050.00, 3180.00
Support Levels: 2930.00, 2780.00
Dow Jones, H4
The Dow Jones is currently trading just below the previous swing-high zone around 48,000, following a steady climb from the 46,420 region, where it successfully rebounded off the 0.786 Fibonacci retracement level. Despite maintaining a broader bullish structure, the index is now showing signs of hesitation as price struggles to decisively break above the 48,000 resistance cluster. The recent candles reflect a slowing of upward momentum, with multiple rejections near the same area, suggesting that buyers are losing some strength as the market approaches this key barrier. While the ascending trendline from October remains intact, price is now sitting only slightly above it, indicating that the index is entering a more delicate phase where a failure to hold this structure could tilt momentum back toward the downside.
From a momentum perspective, the RSI currently trades around 62, which indicates moderately bullish momentum but not yet overbought. This level often aligns with trend continuation phases rather than strong breakout conditions suggesting the index is bullish but not aggressively so. The RSI hovering near 60–62 implies that buyers are still in control, yet upside follow-through remains limited. Meanwhile, the MACD shows a bullish crossover with the signal line trending higher, reflecting improving upward momentum; however, the histogram bars, while positive, are not expanding significantly. This signals that bullish momentum is present but not accelerating, aligning with the broader theme of a market that is rising but becoming cautious near resistance.
Resistance Levels: 48,000.00, 49,000.00
Support Levels: 46,420.00, 44,325.00
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