Forecast update for Ethereum -11-08-2025
AI Summary
- Ethereum's price declined in recent trading but may recover with positive momentum, trading above EMA50 and alongside a supportive minor bias line for the main bullish trend
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The price of (ETHUSD) declined in its last intraday trading, attempting to gain positive momentum that might assist it to recover and rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a supportive minor bias line for this trend, on the other hand, we notice the emergence of the negative signals on the (RSI), decelerating the price recovery on the near-term basis.
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Forecast update for Bitcoin -11-08-2025
The price of (BTCUSD) declined in its last intraday trading, to gather the gains of its previous rises, attempting to gain positive momentum that might assist it to recover and rise again, attempting to offload some of its clear overbought condition on the (RSI), especially with the emergence of the negative signals, amid the dominance of the bullish trend and its trading alongside a supportive minor bias for this trend, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the positive pressures on the near-term basis.
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Forecast update for Brent crude oil -11-08-2025
The price of (Brent) rose in its last intraday trading, due to the stability of the critical resistance levels at $66.00, gaining positive momentum to recover some of its previous losses, with the emergence of the positive signals on the (RSI), but the price remains under the negative pressure that comes from its trading below EMA50, and under the main bearish trend on the short-term basis and its trading alongside a supportive minor bias line for this trend.
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Forecast update for crude oil -11-08-2025
The price of (crude oil) rose in its last intraday trading, to recover some of its previous losses, supported by the emergence of the positive signals on the (RSI), amid the dominance of the bearish trend and its trading below EMA50, intensifying the negative pressure.
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