Forecast update for Ethereum -29-05-2026

Brent crude oil price continued to decline during its recent intraday trading, approaching our target support level at $90.00, amid the negative pressure from trading below its EMA50, which reinforces the dominance and stability of the short-term corrective bearish trend.

Bitcoin price (BTCUSD) declined during its recent intraday trading, amid the dominance of a short-term corrective bearish trend, facing negative pressure from trading below its EMA50, adding further downside pressure to the price, especially as a negative crossover has started to appear on the relative strength indicators after reaching heavily overbought levels that were excessive compared to the price movement. This increases the likelihood of deeper losses for the digital currency in the near term.

Crude oil price remains lower in its recent intraday trading, holding below the $88.00 support level to confirm the breakout beneath it, amid the dominance of a steep bearish corrective wave in the short term. Negative pressure also continues due to trading below its EMA50, which reduces the chances of a full recovery in the near term.