Chart the Market (11/07/2025)

ETH, H4: 

Ethereum (ETH) has staged a decisive breakout after weeks of sideways consolidation between the $2,522 and $2,390 levels. While initial bullish attempts were capped below the $2,600 resistance, the latest surge saw ETH break decisively above this barrier, rallying more than 10% without any meaningful retracement—underscoring the strength of the current bullish momentum.

Momentum indicators reinforce the positive outlook. The Relative Strength Index (RSI) has remained in overbought territory for the past three sessions, while the MACD continues to climb and diverge further above the zero line, signaling strengthening upside momentum.

With the $3,000 psychological resistance level now within reach, a successful break above this threshold—without immediate pullback—would likely validate the bullish trend and open the door for further upside in Ethereum.

Resistance Levels: 3040.30, 3515.00

Support Levels: 2724.85, 2481.85

XAGUSD,  H4

Silver remains well-supported above the $37.00 mark, hovering near record highs as the metal attempts to break out of an ascending triangle pattern—typically seen as a bullish technical formation.

The Relative Strength Index (RSI) is showing early signs of upward momentum, trending towards overbought territory, while the MACD—after briefly threatening to dip below the zero line—has stabilized. A rebound of the MACD back above the zero line would likely reinforce the bullish case, complementing the constructive price action.

A decisive breakout above the current pattern could trigger fresh upside for silver, with the metal well-positioned to extend gains if positive momentum persists.

Resistance Levels: 39.40, 41.15

Support Levels: 37.00, 35.50