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Forecast update for Ethereum -08-07-2026
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Forecast update for Ethereum -08-07-2026
Jul 8, 2026 6:31 AM

Ethereum (ETHUSD) settles with series of consecutive losses in its last intraday trading, attempting to look for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, leaning on EMA50, amid the dominance of the main bullish trend on the short-term basis, noticing the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, to indicate forming positive divergence that reinforces the chances of the recovery in the near upcoming period.

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