Ethereum (ETHUSD) surged during recent intraday trading, approaching the upper boundary of a short-term descending corrective channel that has limited its price movement. This rise coincides with an attempt to break above EMA50, helping the price relieve some of its previous bearish pressure, supported by the emergence of a positive crossover of the relative strength indicators after the price managed to clear its earlier overbought conditions, providing momentum that may help overcome short-term selling pressure.