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Ethereum price (ETHUSD) forecast update - 02-01-2025

Economies.com
2025-01-02 11:14AM UTC

Ethereum price (ETHUSD) trades positively to breach 3425.50$ level and head towards potential test to the key resistance 3510.00$, and as we mentioned in our recent reports, holding below this resistance is required to continue the expected bearish trend for the upcoming period, motivated by stochastic current negativity, noting that the price needs to trade below 3425.50$ to revive the negative scenario that its first target located at 3222.00$.

 

The expected trading range for today is between 3240.00$ support and 3500.00$ resistance.

 

Trend forecast: Bearish

Bitcoin price (BTCUSD) forecast update - 02-01-2025

Economies.com
2025-01-02 11:14AM UTC

Bitcoin price (BTCUSD) achieved initial breach to 95195.00$ and attempts to hold above it, to head towards recovering in the upcoming sessions, on its way to achieve gains that start by visiting 99000.00$ areas and extend to 102000.00$ as next positive stations.

 

Therefore, the bullish bias will be suggested on the intraday basis unless breaking 95195.00$ and holding below it again.

 

The expected trading range for today is between 95000.00$ support and 99000.00$ resistance.

 

Trend forecast: Bullish

Brent oil price forecast update 02-01-2025

Economies.com
2025-01-02 11:14AM UTC

Brent oil price trades with strong positivity now to move away from 75.36$ level and surpass the intraday bullish channel’s resistance line, which supports the continuation of the expected bullish trend for the upcoming period efficiently, reminding you that our main waited target is located at 76.84$, while holding above 75.36$ represents major condition to the continuation of the suggested rise.

 

The expected trading range for today is between 74.20$ support and 77.20$ resistance.

 

Trend forecast: Bullish

Crude oil price forecast update 02-01-2025

Economies.com
2025-01-02 11:14AM UTC

Crude oil price rallied upwards strongly to reach 73.00$ barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our main waited target is located at 73.70$, while achieving it requires holding above 72.15$.

 

The expected trading range for today is between 71.00$ support and 74.00$ resistance

 

Trend forecast: Bullish