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Published: 3 June 2026,07:24
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ETH, H4:
Ethereum remains under significant bearish pressure after extending its recent decline and breaking below several key support levels. The cryptocurrency has been trending lower since failing to sustain gains above the $2,165 resistance area, with sellers maintaining firm control of price action. The latest selloff pushed ETH beneath the important $1,905 support level and briefly toward the $1,825 support zone, marking a fresh multi-week low and reinforcing the strength of the prevailing downtrend.
The break below the previous consolidation area suggests that market participants remain cautious, while the inability to establish a meaningful recovery highlights the lack of sustained buying interest at current levels. Although Ethereum has staged a modest rebound from the $1,825 support zone, price continues to trade below former support levels that have now turned into resistance, keeping the broader technical structure tilted to the downside.
Momentum indicators continue to support the bearish outlook. The Relative Strength Index (RSI) has fallen into oversold territory near the 30 level, reflecting strong selling pressure and persistent downside momentum. While oversold conditions may increase the likelihood of short-term stabilization or a technical rebound, they do not yet signal a confirmed trend reversal. Meanwhile, the Moving Average Convergence Divergence (MACD) remains deeply in negative territory, with both signal lines continuing to trend lower and the bearish histogram expanding, indicating that downside momentum remains firmly intact.
Resistance Levels: 1905.00, 2015.00
Support Levels: 1825.00, 1740.00
AUDJPY, H4
AUDJPY is showing signs of extending its ongoing bullish recovery after forming a higher-low price pattern and successfully breaking above the immediate resistance level at 114.70. The breakout reflects strengthening buying interest and reinforces the constructive market structure that has been developing since the early-May rebound. Following the breakout, the pair has continued to advance toward the key resistance zone around 115.00, an area that has repeatedly capped upside attempts in recent months and now represents an important technical hurdle for the bulls.
The move above the prior range-bound structure suggests that buying interest remains firmly in control, with market participants continuing to accumulate positions despite the pair trading near multi-week highs. Price is now testing the key 115.40 resistance level, an area that has repeatedly capped rallies in recent months. A sustained break above this barrier could signal a fresh bullish breakout and pave the way for further upside extension.
Momentum indicators continue to support the constructive outlook. The Relative Strength Index (RSI) has climbed above the 60 level and is trending higher, reflecting strengthening bullish momentum and increasing buying pressure without yet reaching extreme overbought conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) remains in positive territory and continues to trend upward, indicating that upside momentum remains intact and that buyers continue to hold the near-term advantage.
Resistance Levels: 115.45, 116.35
Support Levels: 114.00, 113.15
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