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Published: 10 April 2026,07:07
Chart The Market
ETH, H4:
Ethereum had been trading in a constructive higher-low price pattern, advancing to its highest level in three weeks following the ceasefire-driven relief rally. However, bullish momentum has shown clear signs of exhaustion in the last session, with the cryptocurrency undergoing a technical pullback from its recent peak.
The critical technical development is that the most recent rebound has failed to top the previous high—a classic signal of waning bullish momentum and a potential bearish trend reversal. This lower-high pattern, if confirmed, would invalidate the prior uptrend structure and suggest that sellers are beginning to gain control.
The immediate short-term support line at the $2,155 mark is now the pivotal level for Ethereum. A sustained break below this threshold would further justify the bearish bias, exposing the cryptocurrency to the next support zones near $2,050-$2,080 and potentially the $1,950-$2,000 region. The $2,155 level has previously served as a reliable floor during the recent uptrend, and its loss would signal a structural deterioration.
Momentum indicators have turned cautious, with the Relative Strength Index retreating from overbought levels and the Moving Average Convergence Divergence showing early signs of a bearish crossover. Immediate resistance is established near the $2,200-$2,230 zone, with a reclaim of this area required to challenge the emerging bearish bias.
Resistance Levels: 2237.00, 2356.65
Support Levels: 2080.00, 1965.25
GBPJPY, H4
The GBPJPY pair has successfully reversed its technical pullback, with the latest price action showing a decisive break above the critical resistance level at the 213.15 mark. This breakout signals a clear bullish shift in market structure, invalidating the corrective phase and suggesting that buyers have regained control.
The 213.15 level had previously capped upside attempts, making its breach a significant technical development. The pair is now positioned to challenge higher resistance zones near 214.00 and the recent high at 214.70-215.00.
Momentum indicators strongly support the bullish bias. The Relative Strength Index has climbed into overbought territory, reflecting robust buying pressure, while the Moving Average Convergence Divergence has surged past its zero line and continues to edge higher, confirming that positive momentum is accelerating and aligned with the price breakout.
Resistance Levels: 214.70, 216.20
Support Levels: 213.10, 211.35
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