Forecast update for Ethereum -05-05-2025
The price of Ethereum (ETHUSD) managed to recover a large portion of its early-week losses on the intraday levels, stabilizing once again above the key resistance level of $1,800. This indicates resilience against further decline, especially with the emergence of positive signals from the Relative Strength Index (RSI), which has entered oversold territory.
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Forecast update for Bitcoin -05-05-2025
Bitcoin price settled on an intraday rise, where it attempted to recover its early losses, and offloading some of its oversold conditions on the (RSI), affected by breaking a bullish bias line on the short-term basis, with the continuation of the negative pressure that was caused by its trading below EMA50.
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Forecast update for Brent crude oil -05-05-2025
Brent crude oil price rose on its recent intraday trading, in order to recover some of its early losses, amid the dominance of the main bearish trend on the short-term basis and its trading alongside the bias line, with the emergence of the negative signals on the (RSI), with a continued negative pressure due to its trading below the EMA50.
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Forecast update for crude oil -05-05-2025
The crude oil price rose on its recent intraday trading, to settle again above the critical support at $56.45, in attempt to recover some of its previous losses, amid the dominance of the main bearish trend and its trading below its EMA50, pushing negatively on the price.
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