Forecast update for Ethereum -02-09-2026

Brent crude oil declined in its latest intraday trading, with the dominance of the main bullish trend on the short-term basis, with the continuation of the positive and dynamic pressure that is represented by its trading above EMA50, attempting to gather its gains and gaining bullish momentum that might help it to resume its gains, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, easing the way for targeting new resistance levels on the near-term basis.

Bitcoin (BTCUSD) kept declining in its latest intraday sessions, approaching the key support level at $76,000, which was an expected target in our previous analysis, amid the dominance of bearish corrective waves on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, despite the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, attempting to offload some of this oversold conditions, which didn’t affect the price action, as a signal for the strength of the negative pressures on the price, suggesting more downside moves in the near upcoming period.

Crude oil declined in its latest intraday trading, affected by the stability of $90.50 resistance, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, to gather its positive momentum that might help it to recover and breach this resistance, amid the continuation of the positive support that comes from its trading above EMA50, with the dominance of the main bullish trend on the short-term basis.