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Forecast update for Ethereum -12-06-2026
Ethereum (ETHUSD) continues to trade in a volatile range as it attempts to ease overbought conditions on the relative strength indicators, which have begun to generate negative signals. At the same time, the price remains supported by trading above the EMA50, providing positive momentum that could help extend the short-term corrective uptrend if current resistance levels are broken, despite this support, the dominant trend remains bearish.
Therefore, as long as the $1,700 resistance level holds, our outlook leans toward a decline in Ethereum during upcoming intraday sessions, with the next downside target at $1,600.
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Forecast update for Brent -12-06-2026
Brent crude oil extended its losses during recent intraday trading, breaking below the $86.60 support level, which had been one of our previous downside targets. The price remains under persistent negative pressure from trading below the EMA50, reinforcing the dominant short-term bearish trend.
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MoreForecast update for crude oil -12-06-2026
Crude Oil continued to decline in recent intraday trading, reaching the key support level of $82.00, which represented our previous downside target. The short-term trend remains bearish, supported by a descending trendline and ongoing pressure from trading below the EMA50.
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