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Ethereum price (ETHUSD) holds strong gains – Daily Forecast – 03-12-2025

Economies.com
2025-12-03 03:11AM UTC

 

Ethereum price (ETHUSD) held onto strong gains in its recent intraday trading, successfully breaking through a short-term descending secondary trendline. This move coincided with the price surpassing the 50-period simple moving average, eliminating the negative pressures that had previously restrained its bullish movement. However, one obstacle remains: the need to ease the clear overbought conditions shown by the Relative Strength Index (RSI), which may limit its upcoming gains.

Brent crude oil price suffers from negative pressures – Daily Forecast – 03-12-2025

Economies.com
2025-12-03 03:08AM UTC

 

Brent crude oil price (BRENT) declined in its recent intraday trading, accompanied by negative signals from the Relative Strength Index (RSI), despite the indicator reaching oversold levels. The price is also under negative pressure due to trading below the 50-period simple moving average, which reinforces the stability and dominance of the short-term bearish trend, especially with price movements aligning along a secondary descending trendline. All these factors support the continuation of further losses in the coming period unless the price regains its nearby key resistance levels.

Silver price prepares to register new record highs – Daily Forecast – 03-12-2025

Economies.com
2025-12-03 03:04AM UTC

 

Silver price (SILVER) is holding on to its gains in its latest intraday trading, attacking the important resistance level at $58.80, while a dominant short-term bullish trend remains intact. The price continues to move alongside primary and secondary ascending trendlines supporting this trajectory, with ongoing positive momentum resulting from trades occurring above the 50-period simple moving average. Additionally, we note persistent positive signals from the Relative Strength Index (RSI), despite it having reached extremely overbought levels.

The US Dollar price against the Swiss Franc declines within a downward corrective price channel – Daily Forecast – 03-12-2025

Economies.com
2025-12-03 02:58AM UTC

 

The US Dollar versus the Swiss Franc (USDCHF) extended its losses in recent intraday trading, moving within a downward corrective price channel that has limited its previous short-term movements. The pair continues to face persistent negative pressure as it trades below the 50-period simple moving average, reinforcing the stability of the current bearish path. This is further supported by ongoing negative signals from the Relative Strength Index (RSI), despite the indicator reaching oversold areas.