Chart the Market (03/04/2026)
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Chart the Market (03/04/2026)

Published: 3 April 2026,07:07

Published: 3 April 2026,07:07

Chart The Market

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ETH, H4:                                                               

Ethereum has entered a corrective phase after failing to sustain the recent recovery above the 2,165 level. Following a strong bounce from the 1,970 zone in early April, price climbed toward 2,200 but has since reversed sharply, with the latest red candles pushing ETH down to approximately 2,055. The structure shows a series of lower highs and lower lows in the very short term, breaking below the key 2,100–2,015 support zone and currently trading just above the 2,000 psychological level.

Momentum indicators reflect weakening bullish conviction. The RSI has dropped to 47, slipping back toward the neutral zone after failing to hold above 60, while the MACD histogram has turned negative with the MACD line crossing below the signal line, confirming short-term bearish momentum. This suggests that the previous up-move has lost steam, increasing the risk of further consolidation or downside extension.

Overall, the 4H technical outlook for ETH/USD is cautiously bearish in the short term, with the broader recovery attempt appearing stalled unless buyers can reclaim 2,165 quickly. The pair has declined approximately 6.8% from its recent swing high near 2,200 over the past few sessions, highlighting the speed of the current pullback.

Resistance Levels: 2165.00, 2390.00

Support Levels: 2015.00, 1910.00

NASDAQ,  H4

Nasdaq has experienced a sharp corrective decline in recent weeks, breaking below its long-term ascending orange trendline that had been intact since late 2025. After reaching highs near 26,090 earlier in the year, price has sold off aggressively, dropping from the 25,310 zone down to a low of approximately 22,935 before staging a modest recovery. The latest green candles show short-term buying interest, with Nasdaq currently trading near 24,045, attempting to stabilize after the steep drop.

Momentum indicators remain weak in the short term.

The RSI sits at 51, having recovered from oversold levels near 40 but still hovering in neutral territory without strong bullish conviction. The MACD is deeply negative, with the histogram showing persistent bearish bars and the MACD line well below the signal line, indicating that downward momentum has not fully exhausted despite the recent bounce.

Overall, the 4H technical outlook for Nasdaq is bearish with early signs of short-term stabilization. The broader uptrend has been disrupted, and price remains below the key 25,310 resistance cluster. Traders will watch whether the current bounce can reclaim 24,340–25,310 to signal a potential relief rally, or if renewed selling pressure pushes the index back toward the 22,935 low. 

Resistance Levels: 24,340.00, 25,310.00

Support Levels: 22,935.00, 21,550.00 

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