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End of day Ethereum price (ETHUSD) forecast update - 08-01-2025

Economies.com
2025-01-08 17:37PM UTC

Ethereum price (ETHUSD) succeeded to achieve our waited target at 3222.00$ and presses negatively on it, to support the chances of extending the bearish correction and head to visit 3017.30$ areas on the near term basis, taking into consideration that the consolidation of 3222.00$ against the current negative pressure will push the price to achieve intraday gains and test 3425.50$ areas initially.

End of day Bitcoin price (BTCUSD) forecast update - 08-01-2025

Economies.com
2025-01-08 17:37PM UTC

Bitcoin price (BTCUSD) broke 95195.00$ level strongly to confirm the continuation of the bearish trend domination in the upcoming period, opening the way to head towards our new negative targets that start at 90000.00$ and extend to 87055.00$, noting that trading above 95195.00$ again will lead the price to start recovery attempts and attempt to build bullish wave on the intraday basis.

End of day crude oil price forecast update - 08-01-2025

Economies.com
2025-01-08 17:36PM UTC

Crude oil price faces strong negative pressure, as it bounced bearishly to break 73.70$ and attempt to hold below it, which hints heading to turn to decline and suffer additional losses that reach 72.15$, and confirming the turn to decline is represented by getting daily close below the broken level, noting that trading above 73.70$ again will revive the positive scenario that its first target located at 75.65$.

Shiba Inu price declines alongside upward trend line - Forecast today - 08-01-2025

Economies.com
2025-01-08 10:47AM UTC

Shina Inu’s currency price (SHIBUSDT) fell in the intraday levels amid negative signals from the RSI after reaching overbought levels, with negative pressure due to trading below the 50-day SMA, as the price moved alongside the upward correctional trend line in the short term, while trying to gather momentum to shake off negative pressure. 

 

Therefore we expect the price to return higher, targeting the first resistance at $0.00002493, provided the support of $0.00002017 holds on.

 

Trend forecast for today: Likely Bullish