Published: 18 December 2025,05:41
Chart The Market
ETH, H4:
Ethereum has confirmed a decisive deterioration in its technical structure, breaking down from its prior uptrend channel and entering a clear bearish phase. The downtrend was validated by a classic false breakout pattern: ETH briefly exited a consolidation range near its weekly lows, only to reverse sharply and plunge to a new corrective low. This price action represents a bearish trap, indicating that the prior consolidation represented distribution rather than accumulation.
The subsequent decline to a new low following the false breakout provides strong confirmation of the bearish trend, suggesting that selling pressure has overwhelmed any near-term support. This pattern typically triggers accelerated selling as trapped bullish positions are liquidated.
Momentum indicators fully align with this negative structural shift. The Relative Strength Index (RSI) has entered oversold territory, reflecting intense and persistent selling pressure. Concurrently, the Moving Average Convergence Divergence (MACD) has completed a bearish crossover below its zero line and continues to trend lower, confirming that bearish momentum is not only present but is actively gaining strength.
The convergence of the channel breakdown, the bearish false breakout pattern, and accelerating negative momentum presents a coherent and compelling bearish case. The former consolidation range now becomes immediate resistance. For the current downtrend to be challenged, ETH would need to reclaim that resistance zone and break back into its prior uptrend channel—a move that appears unlikely under the current momentum profile. The path of least resistance remains firmly to the downside.
Resistance Levels: 2925.00, 3222.00
Support Levels: 2690.00, 2495.00
NZDUSD, H4
The NZDUSD pair has sustained a significant technical breakdown, breaching its primary uptrend channel after rallying to a two-month high. This break suggests the prior uptrend has likely concluded and signals a potential bearish trend reversal is now underway.
The pair is approaching a critical technical juncture at the 0.5750 support level. This zone represents the next major line of defense for bulls. A successful hold above this level could foster a technical rebound, but a decisive daily close below 0.5750 would constitute a solid bearish confirmation, likely triggering an acceleration of the downtrend toward lower support zones.
Momentum indicators align with the deteriorating price structure. The Relative Strength Index (RSI) has rolled over from overbought territory and is declining, reflecting a shift from buying to selling pressure. Simultaneously, the Moving Average Convergence Divergence (MACD) has completed a bearish crossover below its zero line, confirming that a fresh wave of negative momentum is developing.
The convergence of the channel breakdown, the test of key horizontal support, and the bearish momentum shift presents a compelling technical case for a bearish near-term bias. Traders should monitor the 0.5750 level closely; a breakdown here would signal a high probability of a sustained corrective phase, while a firm rebound from this support would suggest the pair may enter a period of consolidation before determining its next directional move.
Resistance Levels: 0.5795, 0.5840
Support Levels: 0.5750, 0.5700
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
