Ethereum price (ETHUSD) forecast update - 07-11-2024

Bitcoin price (BTCUSD) shows negative trades to test the breached resistance of the bullish channel that appears on the chart, and the price needs to consolidate above these areas as a first condition to the continuation of the expected bullish trend for the upcoming period, which targets 78000.00$ as a next main station.

Brent oil price shows bearish bias to press on 75.36$ level, which urges caution from the upcoming trading, as the price needs to consolidate above this level as a first condition to the continuation of the bullish trend valid and active for the upcoming period, as breaking it will push the price to turn to decline on the intraday basis to visit 73.90$ mainly, reminding you that the targets of the expected bullish wave for the upcoming period start at 76.84$ and extend to 78.66$ after breaching the previous level.

Crude oil price faces negative pressure to move below 72.15$ level, which pushes the price to decline in the upcoming sessions and head to visit 70.58$ before any new positive attempt.