The (ETHUSD) price declined in its last intraday trading, affected by the negative technical formation on the short-term basis (the rising wedge pattern), with the continuation of the negative pressure due to its trading below EMA50, which reduces the recovery chances on the near-term basis, amid the negative signals emergence on the relative strength indicators, after offloading its oversold conditions, opening the way for recording more of the downside moves in the upcoming period.
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