Ethereum (ETHUSD) extended its gains in its last intraday trading, reaching the key resistance at $1,800, which was an expected target in our previous analysis, supported by its continued trading above EMA50, which represents a dynamic support that reinforces the stability and dominance of the bullish corrective trend on the short-term basis, on the other hand, we notice the emergence of positive signals from the relative strength indicators on the relative strength indicators, but it reached overbought levels, which might reduce the gains in the upcoming near period.
Brent crude oil rose in its last intraday trading, affected by its stability on a bullish corrective trend line on the short-term basis, gaining bullish momentum that reinforces forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from them, besides the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of a recovery in the near upcoming period.
The price of Bitcoin kept rising on its recent intraday levels, reaching the key resistance level at $64,400, which represented an expected target in our previous analysis, supported by the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels, besides the continuation of the positive pressure due to its trading above EMA50, with its trading alongside bullish corrective trend line on the short-term basis.
Crude Oil fluctuated on the last intraday levels, attempting to gain the required bullish momentum to help it rise again, affected by the beginning of forming positive divergence on the relative strength indicators after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of the positive signals from them, benefiting from the dynamic support that is represented by its trading above EMA50, reinforcing the stability of the dominant bullish corrective wave on the short-term basis.