Ethereum struggles near resistance, Palladium and CHFJPY bullish, Natural Gas holds channel

This multi-asset market analysis reviews major setups across crypto, commodities, and forex. Ethereum shows range-bound weakness, Palladium maintains an uptrend, Natural Gas corrects within a rising channel, and CHF/JPY holds strong bullish momentum. Here’s what to watch next.

Multi-Asset Market Analysis: Ethereum’s Range-Bound Setup

The Ethereum chart is displaying a range-bound behavior between the 0.5 Fibonacci level ($2,559.90) and the $2,322.76 horizontal support. Price is currently below the 200-period moving average on the 4-hour chart, indicating persistent bearish pressure. The rejection from the 0.5 Fibonacci level and the moving average highlights a strong resistance confluence. A decisive break above $2,560 may trigger further upside toward the $2,737.96 level, while a breakdown below $2,322.76 could lead to a deeper correction toward $2,111.37.

Palladium: Uptrend Intact Above 200 EMA

Palladium remains in a strong upward parallel channel, showing a clear bullish structure. Despite a short-term pullback from the upper boundary of the channel (~$1,165), the trend remains intact above the 200-period moving average. Support rests around $1,100 and the midline of the channel. A pullback toward that region could offer a potential long opportunity if supported by bullish price action.

Multi-Asset Market Analysis: Natural Gas Corrective Tone

Natural Gas is also trading within a rising channel on the 8-hour chart, but shows a more corrective tone after recent rejections near the upper boundary. Price recently bounced from the lower trendline support and is now challenging the 200 EMA from below. A successful hold above the dynamic trendline support could push prices back toward $3.80–$4.00. Breakdown below the channel would invalidate the current bullish structure.

CHF/JPY: Bullish Breakout Confirmation

CHF/JPY has broken out from a multi-month ascending triangle and is now testing new highs. The breakout is supported by rising volume and consistent higher lows, indicating strong bullish momentum. The height of the triangle has been projected upward, and this measured move is nearly completed. Unless there’s a strong rejection from these levels, continuation toward 183–185 appears likely.