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Ethereum (ETHUSD) edged lower during recent intraday trading, as it searches for a potential rising bottom that could serve as a foundation for renewed upward momentum.
Despite the current pullback, the broader short-term trend remains bullish, supported by continued trading above the 50-day exponential moving average (EMA50). This sustained position suggests underlying positive pressure.
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Adding to the optimistic outlook, the Relative Strength Index (RSI) has begun to display positive overlapping signals after reaching oversold territory, signaling the potential for a rebound in the coming sessions.
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