Ethereum price (ETHUSD) declined during its recent intraday trading after encountering resistance at EMA50, which exposed the price to negative pressure. This came with a retest of a short-term upward trendline that the price had previously broken.

In the background, we also notice the beginning of a negative crossover on the relative strength indicators after reaching heavily overbought levels, which further increases the negative pressure surrounding the price.

Bitcoin (BTCUSD) declined in its latest intraday trading, amid the attempts of gaining bullish momentum that helps it to recover and rise again, amid its moves near EMA50 level, reinforcing the strength and dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the chances of moving higher strongly in the upcoming near period.

Brent crude oil prices rose during recent intraday trading, getting rid of the negative pressure of EMA50, intensifying the chances of extending these gains on near-term basis, especially with the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move, amid the dominance of the main bullish trend on the short-term basis.

Crude Oil price rose during its latest intraday trading, as its is leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides offloading its overbought conditions on the relative strength indicators, opening the way for extending these gains in the upcoming near period.