Daily Market Forecast By Capitalcore

[Capitalcore]

ETH USD chart price action forecast

Ethereum (ETH), often nicknamed “digital silver” compared to Bitcoin’s “digital gold,” is the second-largest cryptocurrency by market capitalization and a key driver of decentralized finance and smart contracts. Against the US dollar (USD), the ETH/USD forex pair is closely watched by traders for both its blockchain innovation and correlation with dollar liquidity conditions. Fundamentally, today’s spotlight is on the US Dollar as several FOMC voting members including John Williams, Alberto Musalem, Stephen Miran, Thomas Barkin, and Beth Hammack are scheduled to speak at high-profile events hosted by the Federal Reserve, Brookings Institution, and other financial forums. Their tone on interest rate outlook and monetary policy will shape USD demand—hawkish remarks would strengthen the dollar and put downside pressure on ETH-USD, while dovish hints could support a rebound in Ethereum prices.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the ETHUSD H4 chart, the price is trading inside a side-trending convergent disjoint channel, with resistance near 4820 and support around 4050. Price action shows Ethereum moving into the narrowing Ichimoku green cloud, which has flattened at the leading span B level, signaling potential stagnation. ETH USD has also slipped below the Ichimoku conversion and base lines, and notably, 8 out of the last 10 candles are bearish, suggesting selling momentum. The MACD indicator adds confirmation: the MACD line has crossed below the signal line, and the last four histogram bars are red, all pointing to weakening bullish momentum. This convergence pattern within a disjoint channel highlights tightening price action, with a likely breakout coming soon as volatility compresses.

•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

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