Ethereum is seeing choppy movement in its latest intraday levels, supported by continued dynamic strength from trading above its 50-day SMA and influenced by its earlier breakout of a short-term descending trendline. The price is now preparing to attempt a break of the pivotal resistance at $3,090, but before that it is trying to relieve its clear overbought saturation on the RSI indicators, especially with the early emergence of a negative crossover.
Bitcoin is holding onto its recent gains in its latest intraday levels, attempting to relieve part of its overbought saturation on the RSI indicators, especially with the arrival of negative signal inflows. This allows the price to shed surrounding pressure, helping it attempt a break of the important resistance level at $93,000. The cryptocurrency is supported by its earlier breakout of a main short-term descending trendline, as well as its continued trading above the 50-day SMA, which renews the positive momentum surrounding it.
Brent crude oil remained strongly higher in latest intraday trading, supported once again by dynamic strength from its movement above the 50-day SMA, alongside positive signals flowing from the RSI indicators after forming a positive divergence when they reached extremely oversold levels compared to the price action. This reinforces the positive momentum surrounding the price.
Crude oil jumped sharply in its latest intraday trading, successfully shedding the negative pressure of its 50-day SMA, supported by positive signals flowing from the RSI indicators after reaching oversold territory. This move allowed price action to form a new short-term ascending path alongside a supporting trendline.