Forecast update for Ethereum -29-07-2026

(BTCUSD) settles on sharp gains during its last intraday trading, moving within bearish corrective channel’s range that limited its previous trading on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, threatening these gains by a negative rebound, especially with the relative strength indicators reaching overbought levels, to indicate forming negative divergence.

Brent crude oil prices rose in their latest intraday trading, retesting $86.00 resistance, affected by breaking a bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50 which reduces the chances of a full recovery on the near-term basis, especially when the relative strength indicators entered severe overbought levels, as a clear signals for a quick loose for the bullish momentum, threatening the gain to rebound.

Crude oil prices rose in their latest intraday trading, taking advantage from the positive signals that come from the relative strength indicators, after reaching oversold levels, to recover a big part of its previous losses, amid the dominance of steep bearish wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, representing dynamic resistance that reduces the chances of a full recovery in the near upcoming period.