Ethereum (ETHUSD) struggles to breach a stubborn resistance -Analysis-29-04-2025
April 28, 2025
Economies.com
2025-04-29 03:27AM UTC
Ethereum (ETHUSD) moved high in its recent intraday trading, amid its continuous attempts to breach the stubborn key resistance at $1,800, supported by its continued trading above its EMA50, besides the domination of the bullish correctional trend on the short-term basis and its trading alongside trend line.
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Economies.com
2025-04-29 02:35AM UTC
Bitcoin (BTCUSD) settled high in its recent intraday trading, amid a positive technical performance, supported by several main technical factors, first: the price trading above EMA50, which provides a key dynamic support that assists the continuation of the bullish trend.
This came amid a clear dominance for the main bullish trend on the short-term basis, where the price moves alongside a bullish bias line that supports the stability of the price, and shows that the slight declines might be temporary correctional move within the main bullish track, beside the return of the positive signals on the (RSI).
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Economies.com
2025-04-29 03:11AM UTC
Gold price settled lower in its recent intraday trading, after it found a temporary support at $61.50. which helped it to rest and gain a limited positive momentum, beside the attempts to offload the clear oversold condition that appears clearly on the (RSI).
Despite this intraday stability, the negative pressure remains dominating crude oil, amid its continuous trading alongside a bearish bias line on the short-term basis, besides its stability below its EMA50, the current action shows the cautious between the investors whose waiting for any potential break for the current support levels, which might increase the selling process and complete the bearish wave.
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Economies.com
2025-04-29 02:57AM UTC
Gold price declined in its recent intraday trading, after hitting the resistance of its EMA50, to gain a positive momentum that might assist it to surpass the oversold conditions pressure, this comes amid the price attempts to offload its overbought conditions that appear clearly on the (RSI).
The bullish trend remains the dominant on the short-term basis, with the price move alongside a supportive bias line for this trend.
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