ETH update 16.07.26 - 24h Market Forecast (Wavelet Decomp.)EthereumCRYPTO:ETHUSDMarketSpectrHi traders, today's forecast has turned moderately bullish, with the model projecting a gain of approximately 20 units over the next 24 hours. The signal is driven primarily by the underlying trend component (+31.4 units/day), which outweighs the two strongest bearish cycles—the 88.0-hour (−25.0 units/day) and 111.4-hour (−24.2 units/day) components. Additional support comes from several shorter- and medium-term cycles, including the 54.9-hour, 34.3-hour, 362.0-hour, 27.1-hour, and 286.0-hour components, all of which are contributing to the upside. Although bearish cycles remain active, their influence is more than compensated for by the persistent positive trend and the broad participation of multiple bullish cycles. As a result, the aggregate forecast points to a steady upward move rather than a sideways consolidation. It will be interesting to see whether the underlying trend continues to dominate or whether the longer-period bearish cycles regain influence during the next trading session. Have a nice trading day!