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Ethereum price (ETHUSD) forecast update - 27-01-2025

Economies.com
2025-01-27 08:49AM UTC

Ethereum price (ETHUSD) declined strongly to succeed touching our suggested negative target at 3017.30$, and the way seems open to surpass this level and suffer additional losses on the intraday and short-term basis, noting that confirming the break will push the price towards 2765.00$ as a next negative station.

 

On the other hand, we should note that the consolidation of 3017.30$ level against the current negative pressure will lead the price to attempt to recover and build bullish wave that targets testing 3222.00$ areas initially.

 

The expected trading range for today is between 2950.00$ support and 3200.00$ resistance.

 

Trend forecast: Bearish

Bitcoin price (BTCUSD) forecast update - 27-01-2025

Economies.com
2025-01-27 08:49AM UTC

Bitcoin price (BTCUSD) suffers more losses to surpass our first negative target at 99500.00$ and confirm the continuation of the bearish trend domination in the upcoming sessions, opening the way to head towards 95195.00$ that represents our next main target.

 

Therefore, we will continue to suggest the bearish trend for today, taking into consideration that breaching 100150.00$ will stop the current negative pressure and push the price to attempt to regain the main bullish trend again.

 

The expected trading range for today is between 97000.00$ support and 101000.00$ resistance.

 

Trend forecast: Bearish

Brent oil price forecast update 27-01-2025

Economies.com
2025-01-27 08:49AM UTC

Brent oil price is testing the key resistance 78.39$ now, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend scenario valid for today, which targets 77.05$ as a next negative station, reminding you that breaching the mentioned resistance will push the price to build bullish wave that its first main target located at 80.10$.

 

The expected trading range for today is between 76.40$ support and 79.40$ resistance.

 

Trend forecast: Bearish

Crude oil price forecast update 27-01-2025

Economies.com
2025-01-27 08:49AM UTC

Crude oil price shows some slight bullish bias now, and it might test 75.53$ before turning back to decline again.

 

Until now, the bearish trend scenario still valid and active for today as long as the price is below the mentioned level, reminding you that our next main target is located at 73.90$.

 

The expected trading range for today is between 73.30$ support and 76.30$ resistance

 

Trend forecast: Bearish