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Forecast update for Ethereum -07-07-2025

Economies.com
2025-07-07 11:51AM UTC
AI Summary
  • Ethereum (ETHUSD) experienced a slight decline in price in fluctuated trading
  • The cryptocurrency is attempting to offload some of its clear overbought levels on the RSI
  • Positive pressure is expected to continue as Ethereum trades above EMA50

The price of (ETHUSD) declined slightly in fluctuated trading in its recent intraday levels, attempting to gain positive momentum that might assist it to keep the bullish correctional trend, with its trading alongside a bias line on the short-term basis, attempting to offload some of its clear overbought levels on the (RSI), especially with the emergence of the negative signals, amid the continuation of the positive pressure due to its trading above EMA50.

 

 

Forecast update for Bitcoin -07-07-2025

Economies.com
2025-07-07 11:51AM UTC

The price of (BTCUSD) declined in its intraday levels, amid the emergence of the negative signals on the (RSI), after reaching oversold levels, attempting to offload these conditions to gain positive momentum that might assist it to recover and rise again, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, assisting it to settle positively.

Forecast update for Brent crude oil -07-07-2025

Economies.com
2025-07-07 11:44AM UTC

The price of (Brent) rose in its last intraday trading, due to the effect of its lean on the support of its EMA50, providing positive momentum that assisted it to recover its early losses for today, getting ready to attack the key resistance level at $68.70, supported by the emergence of the positive signals of the (RSI), after reaching oversold levels, to form a positive divergence that intensify the stability of the bullish track.

Forecast update for crude oil -07-07-2025

Economies.com
2025-07-07 11:25AM UTC

The price of (crude oil) managed to recover quickly from the losses that happened in the opening of its morning trading, after its lean on the support of its EMA50, providing positive momentum that assisted it to rebound to clear all the early losses, to settle above the resistance level of $66.00 again, with the beginning of the positive signals emergence on the (RSI), after reaching oversold levels.