Arista Networks (ANET) stock price jumped sharply higher in its latest intraday trading, amid the dominance of the main upward trend in the medium term while moving alongside a trend line supporting this path. The stock also continues to benefit from dynamic positive support generated by trading above its 50-day SMA. In the background, we notice continued positive signals from the Stochastic indicators despite reaching deeply overbought levels.

Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the $154.85 support level, targeting the nearby key resistance level at $179.80.

Today’s price forecast: Bullish.

Ethereum price (ETHUSD) witnessed fluctuating trading in its recent intraday levels, with the continuation of the negative pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, especially with its trading alongside trend line that supports this path, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, opening the way for recording more losses in the upcoming near period.

Brent crude oil price declined during its recent intraday trading, with the price trading within bearish channel’s range that limits its previous trading on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, intensifying the negative pressure on the price, beside the emergence of negative signals from the relative strength indicators, after forming negative divergence that increases the likelihoods of deepening the losses in the upcoming near period.

Bitcoin price (BTCUSD) deepened its losses during its recent intraday trading, to break $70,000 support level, which represented an expected target in our previous analysis, amid the dominance of the main bearish trend with its trading alongside minor supportive trend line for this path in the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.