Ethereum price (ETHUSD) declined during its recent intraday trading, amid the dominance of the main bearish trend, moving alongside a minor supportive trendline for this downward path, with the continuation of the negative pressure from trading below its EMA50, which reduces the chances of a full recovery in the near term, especially as a negative crossover has started to appear on the relative strength indicators after reaching heavily overbought levels. This increases the downside pressure surrounding the price in the coming period.
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.
On the other hand, we notice the beginning of a positive crossover on the relative strength indicators after reaching deeply oversold levels. This may temporarily limit further losses as the market needs to relieve some of this oversold pressure before resuming its downward movement.
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.
On the other hand, a positive crossover has started to appear on the relative strength indicators after reaching deeply oversold levels, which may help the price stabilize temporarily in the upcoming period.