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Ethereum price (ETHUSD) forecast update - 08-01-2025

Economies.com
2025-01-08 09:53AM UTC

Ethereum price (ETHUSD) shows additional bearish bias to move away from 3425.50$ level and reinforce the expectations of continuing the decline for the rest of the day, reminding you that our next target is located at 3222.00$, which breaking it represents the key to rally towards the next correctional level at 3017.30$.

 

Therefore, the bearish trend will remain dominant unless breaching 3425.50$ and holding with a daily close above it.

 

The expected trading range for today is between 3230.00$ support and 3480.00$ resistance.

 

Trend forecast: Bearish

Bitcoin price (BTCUSD) forecast update - 08-01-2025

Economies.com
2025-01-08 09:53AM UTC

Bitcoin price (BTCUSD) touched 95195.00$ level and presses negatively on it, to hint heading to break this level and achieve more expected decline in the upcoming sessions, noting that confirming the break will push the price towards 90000.00$ followed by 87055.00$ levels as next targets.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 99785.00$ and holding above it.

 

The expected trading range for today is between 93500.00$ support and 98500.00$ resistance.

 

Trend forecast: Bearish

Brent oil price forecast update 08-01-2025

Economies.com
2025-01-08 09:53AM UTC

Brent oil price touched 78.00$ level and finds good resistance there, waiting to get positive motive that assist to push the price to continue the rise and visit 78.66$ that represents our next target, noting that breaching this level will extend the bullish wave to reach 79.80$ areas as a next main station, while the expected rise will remain valid unless breaking 76.84$ and holding below it.

 

The expected trading range for today is between 76.35$ support and 79.35$ resistance.

 

Trend forecast: Bullish

Crude oil price forecast update 08-01-2025

Economies.com
2025-01-08 09:52AM UTC

Crude oil price shows additional positive trades to approach our waited target at 75.65$, reinforcing the expectations of continuing the bullish trend for the rest of the day, noting that the chances valid to breach this level and achieve additional gains that extend to 76.45$, organized inside the bullish channel that appears on the chart, reminding you that the continuation of the bullish wave depends on the price stability above 73.70$.

 

The expected trading range for today is between 73.45$ support and 76.45$ resistance

 

Trend forecast: Bullish