Ethereum Fluctuates at $2,500 Resistance, Brent Crude Oil Deepens Losses

Ethereum (ETHUSD) has been fluctuating on its intraday levels, attempting to gain bullish momentum and breach the key resistance at $2,500.

This comes as a strong minor bullish wave dominates the short-term basis, with Ethereum trading above its 50-day exponential moving average (EMA50),

a dynamic support base that reinforces the dominance of the bullish trend on the short-term basis.

A positive divergence has begun to form on the relative strength indicators (RSI) after reaching exaggerated oversold levels compared to the price action, with positive signals emerging from them.

In other news, Brent crude oil has deepened its losses during intraday trading, surpassing the key support level at $85.00 amid a steep minor bearish wave on the short-term basis.