Ethereum (ETHUSD) declined in recent intraday trading, preparing to break below the key support level at $2,250, which previously acted as our price target. This comes amid the dominance of a short-term bearish corrective wave, with continued downside pressure as the price remains below EMA50, beside the emergence of bearish signals from the relative strength indicators.

Accordingly, our expectations point to a decline in Ethereum during the upcoming intraday trading, especially if it breaks below the mentioned $2,250 support level, targeting the next support at $2,175.

Brent crude oil surged sharply in recent intraday trading after breaching the key resistance level at $109.00, which previously acted as our price target. This move reflects a strong short-term bullish wave, with the price continuing to move along an upward trendline that supports the current momentum.

The bullish bias is further reinforced as the price remains above EMA50, indicating sustained dynamic support. However, early signs of a bearish crossover on the relative strength indicators are emerging after reaching overbought territory, which reduces the upcoming gains.

The USDCHF pair rose in recent intraday trading as it attempted to breach the key and stubborn resistance level at 0.7910. amid the dominance of minor short-term bullish waves, moving alongside a bullish trendline, the pair is also benefiting from continued dynamic support as it trades above EMA50, reinforcing the chances of moving higher on the near-term basis.

The NZDUSD pair witnessed fluctuating trading during its last intraday levels, as it attempts to relieve its clearly oversold condition on the relative strength indicators, especially with the emergence of some positive signals.

However, the pair recently broke below the key support level at 0.5850, which represents the neckline of a bearish technical formation on the short-term timeframe (a triple top pattern). This comes alongside continued negative pressure as the pair trades below EMA50, increasing the likelihood of extending its losses in the near term.