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Ethereum (ETHUSD) shows more of the negative signs -Analysis-02-06-2025

Economies.com
2025-06-02 03:01AM UTC

The (ETHUSD) price declined slightly in its last intraday trading, amid the dominance of a bearish correctional wave on the short-term basis, which was confirmed after breaking a main bullish trend line, with the continuation of the negative pressure due to its trading below EMA50, noticing the beginning of a negative overlapping signal on the (RSI), after reaching overbought levels, which suggest the beginning of forming a negative divergence, and that might affect negatively on the price.

 

 

Bitcoin (BTCUSD) attempts to recover some of its losses-Analysis-02-06-2025

Economies.com
2025-06-02 02:54AM UTC

The (Bitcoin) price settled on a cautious gain in its last intraday trading, affected by the stability of the support level at $104,000, providing some of the positive momentum that assisted it in achieving these rises, which targets recovering some of its previous losses.

 

This comes amid the dominance of a bearish correctional wave on the short-term basis, affected by breaking a main bullish trend line, with the continuation of the negative pressure that comes from its trading below its EMA50, besides the reach of the (RSI) to exaggerated oversold levels.

Crude oil soars high-Analysis-02-06-2025

Economies.com
2025-06-02 02:55AM UTC

The (crude oil) rose sharply in its last intraday trading, taking advantage from the strength of the critical support level at $60.00, which assisted in decreasing the previous losses and providing a clear positive momentum, this rise was supported by the emergence of the positive signals on the (RSI), after entering exaggerated oversold levels, which supported activating new bought process.

 

The price breached the resistance of its EMA50, as an important technical step that indicates a serious attempt to surpass the previous negative pressures, this breach might open the way for the continuation of the bullish wave and targeting higher levels on the short-term basis.

 

Gold attempts to surpass its negative pressure -Analysis-02-06-2025

Economies.com
2025-06-02 02:55AM UTC

The (Gold) price rose in its last intraday trading, leaning on the stability of the critical support at $3,280, which assisted in decreasing the losses and pushed the price to move with a minor bullish channel that limits its trading on the short-term basis, after its decline to oversold levels.

 

Gold attempts to get rid of the negative pressure that comes from its trading below EMA50, which formed a resistance against the price in its previous moves, if the price succeeded to surpass this level, it would be as a signal for the full recovery and extending its early gains