Forecast update for Ethereum -06-08-2025
AI Summary
- Ethereum's price rose slightly in last trading session, facing bearish pressure and forming a negative trend on a short-term basis
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The price of (ETHUSD) rose slightly in its last intraday trading, by reaching the resistance of the EMA50, forming negative pressure that intensified with the dominance of the bearish correctional trend on the short-term basis and its trading alongside a supportive bias line for this trend, after the price success in offloading the clear oversold on the (RSI), opening the way for recording more of the losses.
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Forecast update for Bitcoin -06-08-2025
The price of (BTCUSD) rose carefully in its last intraday trading, supported by the emergence of the positive signals on the (RSI), retesting the critical resistance at $114,500, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a supportive bias line for the trend, with the continuation of the negative pressure due to its trading below EMA50, forming dynamic resistance that obstacle the price recovery on the near-term basis.
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Forecast update for Brent crude oil -06-08-2025
The price of (Brent) reinforced its gains in its last intraday trading, supported by the emergence of the positive signals on the (RSI), affected by the stability of the critical support at $67.50, forming a positive momentum that assisted it to achieve these gains, amid the dominance of bearish minor wave with the continuation of the negative pressure that comes from its trading below EMA50, representing a dynamic resistance that prevents the price recovery on the near-term basis.
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Forecast update for crude oil -06-08-2025
The price of (crude oil) rose in its last intraday trading, due to the stability of the critical support level at $64.85, providing positive momentum by the emergence of the positive signals on the (RSI), after reaching oversold levels, on the other hand, there is a minor bearish wave dominates on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50.
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Subscribe via TelegramVIP Trading Signals Performance – July 28 – August 1, 2025
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