The price of (ETHUSD) settled with gains in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chance for the price recovery sustainably on the near-term basis, besides the relative strength indicators reaching exaggerated overbought levels compared to the price move, after offloading its oversold conditions, increasing the negative pressure on its trading in the upcoming period.

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