Ethereum (ETHUSD) has posted gains in recent intraday trading, maintaining its position above the critical $2,550 level—a key technical indicator signaling a potential recovery.
The Relative Strength Index (RSI) has generated positive momentum after previously reaching oversold territory, reinforcing the likelihood of an upward move.
Further support comes from Ethereum’s sustained trading above its 50-day Exponential Moving Average (EMA50), which, combined with the prevailing short-term bullish trend, points to continued strength in the near term.
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