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Forecast update for Ethereum -17-07-2025

Economies.com
2025-07-17 12:09PM UTC
AI Summary
  • Ethereum (ETHUSD) price is continuing to rise, indicating a strong bullish trend and positive pressure due to trading above EMA50
  • The clear overbought conditions on the RSI have been offloaded, opening the way for more price increases
  • The forecast for Ethereum remains positive, with potential for further rises in the short-term basis

The price of (ETHUSD) continued the rise in its recent intraday levels, amid the dominance of the main bullish trend and its trading alongside main and minor bias on the short-term basis, indicating the strength of this track with the continuation of the positive pressure due to its trading above EMA50, and it offloaded its clear overbought conditions on the (RSI) previously, opening the way for achieving more of the rises.

 

 

Forecast update for Bitcoin -17-07-2025

Economies.com
2025-07-17 12:09PM UTC

The price of (BTCUSD) declined in its intraday levels, amid the negative signals on the (RSI), attempting to gain a positive momentum that might assist it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above its EMA50, which represents a dynamic support that assist the stability of the bullish track.

 

 

 

Forecast update for Brent crude oil -17-07-2025

Economies.com
2025-07-17 12:09PM UTC

The price of (Brent) rose in its last intraday levels, confined in a confused area between the hammer that is represented by its trading below EMA50, with the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, and the anvil that is represented by the support line of a main bullish trend line on the short-term basis.

 

 

Forecast update for crude oil -17-07-2025

Economies.com
2025-07-17 12:09PM UTC

The price of (crude oil) witnessed calm trading in its last intraday levels, amid its affection by breaking a main bullish trend line previously, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, indicating the price approach from beginning a new bearish wave.