Published: 17 December 2025,04:11
Chart The Market
ETH, H4:
Ethereum has confirmed a significant deterioration in its technical structure, decisively breaking below its primary long-term uptrend channel. This breach signals a bearish trend reversal, invalidating the previous bullish framework that had supported the cryptocurrency’s advance. The asset is now testing crucial immediate support near the $2,925 level, where the next directional move is likely to be determined.
A sustained break below the $2,925 support zone would constitute a further bearish confirmation, likely triggering an accelerated decline toward the next significant support area, which is initially projected near the $2,850 level. The former uptrend channel, now acting as resistance, will likely cap any corrective rebounds.
Momentum indicators uniformly support the negative shift. The Relative Strength Index (RSI) is declining toward oversold territory, reflecting persistent and growing selling pressure. Simultaneously, the Moving Average Convergence Divergence (MACD) remains entrenched below its zero line and continues its downward trajectory, confirming that bearish momentum is dominant and strengthening.
The convergence of the channel breakdown, the test of key horizontal support, and the bearish momentum alignment presents a compelling case for continued near-term weakness. The overall technical posture has shifted to bearish, and a daily close below $2,925 would signal a high probability of a deeper corrective phase.
Resistance Levels: 3220.00, 3445.00
Support Levels: 2690.00, 2495.00
USDCAD H4
The USDCAD pair remains entrenched in a pronounced downtrend, having faced sustained selling pressure following a decisive rejection at the 1.4120 resistance level, where a double-top pattern formed. The pair has declined approximately 3% from that peak and is now approaching a critical technical support level at 1.3735.
While the price action is bearish, a notable bullish divergence has emerged on the momentum indicators. The Moving Average Convergence Divergence (MACD) is forming a pattern of higher lows even as the price records lower lows, suggesting that underlying selling momentum is waning. This classic divergence often precedes a potential trend reversal or a significant corrective rebound. Concurrently, the Relative Strength Index (RSI) is showing early signs of rebounding from oversold territory, further supporting the possibility of near-term stabilization or a technical bounce.
The 1.3735 support level now represents a pivotal zone. A firm hold and bullish reversal from this area, accompanied by strengthening momentum indicators, would signal a high-probability setup for a counter-trend rally. Initial resistance for any such rebound is seen near the 1.3850 level, with a more significant hurdle at the descending trendline resistance overhead. However, a conclusive break below 1.3735 would invalidate the bullish divergence signal and likely trigger an extension of the downtrend toward the next support zone.
Resistance Levels: 1.3910, 1.4120
Support Levels: 1.3562, 1.3430
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