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Forecast update for Ethereum -16-07-2025

Economies.com
2025-07-16 11:46AM UTC
AI Summary
  • ETHUSD price declined in recent trading, attempting to offload overbought conditions on the RSI
  • Main bullish trend still dominant on short-term basis
  • Negative overlapping signals beginning to appear

The price of (ETHUSD) declined in its recent intraday levels, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the (RSI), with the beginning of negative overlapping signals from there, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

 

 

Forecast update for Bitcoin -16-07-2025

Economies.com
2025-07-16 11:41AM UTC

The price of (BTCUSD) settled high in its intraday levels supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels and taking advantage of the dynamic support that is represented by its trading above its EMA50, reinforcing the stability of the bullish trend, amid the dominance of this trend and its trading alongside a bias line on the short-term basis.

 

 

 

Forecast update for Brent crude oil -16-07-2025

Economies.com
2025-07-16 11:33AM UTC

The price of (Brent) declined in its last intraday levels, amid the continuation of the negative pressure due to its trading below its EMA50, breaking a main bullish trend line on the short-term basis, intensifying the negative pressure on its upcoming moves, especially with the emergence of the negative signals on the (RSI), after the price success in offloading its oversold conditions.

 

 

Forecast update for crude oil -16-07-2025

Economies.com
2025-07-16 11:22AM UTC

The price of (crude oil) declined in its last intraday trading, affected by breaking a main bullish trend line on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), after offloading the oversold conditions previously, which opens the way for recording more of the losses.