(ETHUSD) continues to trade with volatility during its recent intraday movements, as the price attempts to gain positive momentum that could help it resume its recovery and advance. This comes amid continued positive support from trading above EMA50, which reinforces the stability and dominance of the main short-term bullish trend, particularly as the price moves along a trend line supporting this trajectory.
On the other hand, negative signals are emerging from the relative strength indicators after they reached overbought levels, which has hindered the prices attempts to advance throughout the previous period.