Forecast update for Ethereum -22-05-2025

The price of (Brent) continued the decline in its recent intraday trading, breaking the support level at $61.20, affected by exiting a bullish correctional channel’s range on the short-term basis, and there is a continuous positive pressure due to its trading below its EAM50, and the price is attempting to offload some of its clear oversold conditions on the (RSI), noticing the beginning of the positive signals emergence, which might decelerate the price upcoming losses.

The price of (crude oil) continued the decline in its recent intraday trading, breaking the support level at $61.20, affected by exiting a bullish correctional channel’s range on the short-term basis, and there is a continuous positive pressure due to its trading below its EAM50, and the price is attempting to offload some of its clear oversold conditions on the (RSI), noticing the beginning of the positive signals emergence, which might decelerate the price upcoming losses.

The price of (silver) declined in its recent intraday trading, after reaching our previous report near $33.70, to bounce lower attempting to gain positive momentum that might assist it to breach this resistance, and attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signal from there, amid the domination of the bullish trend on the short-term basis and its trading alongside a bias line.