Forecast update for Ethereum -02-11-2026

Brent crude oil prices extended their losses in recent intraday trading, following a break below support at EMA50, which coincided with a breach of a minor ascending trend line over the short term. This has exposed the price to double downside pressure, particularly amid negative signals emerging from the relative strength indicators, despite reaching oversold levels.

Bitcoin (BTCUSD) succumbed to the surrounding negative pressure, declining in recent intraday trading. This comes amid continued downside pressure as the price trades below EMA50, reinforcing the dominance of the main short-term bearish trend.

Crude oil prices declined sharply in recent intraday trading, breaking below a major ascending trend line over the short term and breaching support at EMA50. This weakens the chances of a near-term recovery and signals a shift toward a corrective bearish move in the short term. This comes alongside negative signals emerging from the relative strength indicators, warning of further declines in the coming period.