Ethereum (ETHUSD) declines affected by a stubborn resistance -Analysis-06-05-2025
Ethereum (ETHUSD)’s price declined on its recent intraday trading, after it failed in breaching the key resistance at$1,800, with the emergence of the negative signals of the (RSI), after the price succeeded in offloading its oversold conditions on its previous trading, to surpass the support of EMA50, which increases the negative pressure on its upcoming trading.
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Bitcoin suffers negative pressures -Analysis-06-05-2025
Bitcoin price declined on its recent intraday trading, after it succeeded in offloading its oversold conditions on its previous trading, which were clear on the (RSI), leading these indicators to reach exaggerated overbought levels compared to the price movement.
After the last rise the price reached the resistance level of EMA50, which forces it to settle below $95,600, targeting the critical support level of $92,700.
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Crude oil settles above its current support -Analysis-06-05-2025
The crude oil price settled with slight gains on its recent intraday trading, supported by the emergence of the positive signals on the (RSI), with its stability above the support level at $56.45, which helped it to settle temporarily.
This comes amid the dominance of the main bearish trend and the trading alongside a minor bias line on a short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50.
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Gold is catching its breath -Analysis-06-05-2025
The gold declined slightly in its recent intraday trading, in a truce to catch its breath to gather the gains of its last rises, attempting to offload its clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals, to gather its positive strength that might assist it to recover and rise again.
This comes due to the precious metal’s affection by a positive technical formation on the short-term basis (the falling wedge pattern), supported by its continuous trading above EMA50, which increases the positive pressures on the price.
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