Ethereum (ETHUSD) declined during its recent intraday trading, influenced by negative signals from the relative strength indicators after it reached heavily overbought levels. This drop reflects an attempt by the price to find a rising floor, which could serve as a base to regain the positive momentum needed for recovery. The pair is currently supported by its EMA50, providing a strong opportunity to regain bullish momentum, amid the dominance of a short-term uptrend, with prices moving along a supportive trendline.