Ethereum Stuck at $2,500 as Brent Surges Past $100
Ethereum's price has declined in its latest intraday trading due to the strong resistance at $2,500, causing further negative pressure. The price is currently leaning on EMA50's support in an attempt to gain momentum and break through the resistance level. A positive divergence in relative strength indicators has formed after they reached heavily oversold levels, alongside emerging signals of positivity.
On the other hand, Brent crude oil price has surged in its latest intraday trading, attacking the $100.00 psychological resistance level, which was a previous analysis target. The price advance came after it eased its overbought conditions in relative strength indicators, giving it room to extend gains in the near term.
Bitcoin has declined in its latest intraday trading due to continued negative pressure as it trades below EMA50. However, the beginning of a positive crossover in relative strength indicators may curb price losses and extend volatility for some time.