Forecast update for Ethereum -02-09-2025
AI Summary
- Ethereum (ETHUSD) has seen gains after recovering from previous losses, but continues to face negative pressure due to trading below EMA50 and a bearish correctional trend line on a short-term basis
- BestTradingSignal.com offers high-accuracy trading signals for US stocks, cryptocurrencies, forex, and VIP signals for gold, oil, forex, bitcoin, ethereum, and indices
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The price of (ETHUSD) settles with gains in its last intraday levels, after recovering big part of its previous losses, and it managed to offload its oversold conditions on the (RSI), however the price remains suffering from the continuation of the negative pressure due to its trading below EMA50, especially with its trading alongside bearish correctional trend line on the short-term basis, which shrinks the chances for the price recover on the near-term basis.
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Forecast update for Bitcoin -02-09-2025
The price of (BTCUSD) settled high in its last intraday trading, after it managed to surpass the resistance of its EMA50, accompanied by its attempts to breach a main bearish trend on the short-term basis, in a strong and significant step for surpassing the negative pressures, taking advantage of the positive momentum that comes from the emergence of the positive signals on the (RSI).
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Forecast update for Brent crude oil -02-09-2025
The price of (Brent) wore green in its last intraday trading, supported by its trading above EMA50, providing renewed bullish momentum, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, to breach the critical resistance level at $68.50, supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels, which might reduce the rise temporarily on the intraday basis.
VIP Trading Signals Performance by BestTradingSignal.com (August 25–29, 2025)
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Forecast update for crude oil -02-09-2025
The price of (crude oil) witnessed strong gains in its last intraday trading, breaching the critical resistance at $65.00, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside supportive bias line, with the continuation of the positive pressure that comes from its trading above EMA50, on the other hand, we notice the emergence of the negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the strong rise on the near-term basis, due to its neediness to offload this overbought conditions.
VIP Trading Signals Performance by BestTradingSignal.com (August 25–29, 2025)
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