Forecast update for Ethereum -17-09-2026

Brent crude oil deepened its losses during its latest intraday trading, as the price attempts to search for a higher low from which it can establish a base that may help it gain the positive momentum needed to recover and rise again. The latest decline has brought the price to its last remaining positive opportunity, represented by a short-term ascending trendline, particularly as this coincides with the price testing the support of its EMA50, increasing the importance of this area as a pivotal support that will determine the price’s near-term direction.

Bitcoin (BTCUSD) experienced choppy trading in its latest intraday levels after attempting early in trading today to recover some of its previous losses, supported by positive signals emerging from the relative strength indicators. However, we note that these indicators have entered extremely overbought territory compared with the price action, signaling a rapid fading of the positive momentum surrounding the price, especially with the continued negative pressure resulting from trading below EMA50, which represents dynamic resistance that reinforces the dominance and stability of the short-term bearish corrective trend.

Crude Oil continued to decline in its latest intraday trading, leaning on the support of EMA50, keeping the chances of recovery intact, as these declines are attempts to search for a higher low from which the price can establish a base and gain positive momentum that may help it recover again, supported by the relative strength indicators remaining in deeply oversold territory, alongside the dominance of the main short-term uptrend and trading in line with main and minor trendlines supporting this path.