Forecast update for Ethereum -31-07-2026

Brent crude oil prices rose in their latest intraday trading, with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, approaching EMA50’s resistance, which suggests a rebound if the resistance settles, especially after breaking bullish trend line previously on the short-term basis.

(BTCUSD) slipped lower during its last intraday trading, affected by the stability of the resistance level at $65,000, accompanied by testing the upper boundary bearish corrective channel on the short-term basis, with the emergence of negative signals from the relative strength indicators, after reaching overbought levels, facing dynamic and negative pressure due to its trading below EMA50, suggesting more downside moves on the near-term basis.

Crude oil prices surged higher in their latest intraday trading, due to the stability of the support level at $81.00, which was our expected target in our previous analysis, gaining bullish momentum that reinforced by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, despite this strong rise the price remains under negative pressure due to its trading below EMA50, threatening these gains to rebound if it fails to surpass this resistance.