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Forecast update for Ethereum -03-07-2025

Economies.com
2025-07-03 12:08PM UTC
AI Summary
  • Ethereum (ETHUSD) experienced fluctuating moves in recent trading, with a bullish correctional trend on a short-term basis.
  • The price of Ethereum is trading above EMA50, indicating positive pressure, but negative signals on the RSI have led to price gains decelerating.
  • The article predicts continued fluctuation in Ethereum's price due to the conflicting signals in the market.

The price of (ETHUSD) witnessed fluctuated moves in its recent intraday trading, amid the dominance of the bullish correctional trend on the short- term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above EMA50, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, decelerating the price gains and led to this clear fluctuation.

 

 

Forecast update for Bitcoin -03-07-2025

Economies.com
2025-07-03 12:01PM UTC

The price of (BTCUSD) declined in its last intraday levels, in a truce to catch its breath to offlaod some of the overbought conditions on the (RSI), especially with the beginning of the negative signals emergence from there, gathering its positive strength that might assist it to rise again, amid the dominance of the bullish correctional trend on the short term basis.

 

 

Forecast update for Brent crude oil -03-07-2025

Economies.com
2025-07-03 12:01PM UTC

The price of (Brent) rose in its last intraday trading, attacking the key resistance level at $68.70, supported by its trading above EMA50, and under strong minor bullish channel in its intraday moves, this last rise came after offloading the overbought conditions on the (RSI) after the stability of the mentioned resistance, providing more of the bullish momentum.

 

 

 

Forecast update for crude oil -03-07-2025

Economies.com
2025-07-03 12:01PM UTC

The price of (crude oil) rose in its last intraday levels, to begin its recovery after it succeeded in its early moves in offloading some of its clear overbought conditions on the (RSI), opening the way towards achieving more of the gains, taking advantage of the dynamic support that is represented by its trading above EMA50, providing stability for the bullish moves in the upcoming period.

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