Ethereum (ETHUSD) is taking a breather after its recent gains. The cryptocurrency's price has declined in intraday levels, but it's attempting to regain bullish momentum and offload some of its overbought conditions.
According to the relative strength indicators, Ethereum has been showing negative signals, which could be a sign that it needs to recover before continuing its upward trend.
The dominance of the main bullish trend on the short-term basis is still present, with ETHUSD trading above EMA50, providing a dynamic support base that reinforces the chances of resuming its gains.
This comes as Brent Crude Oil has risen in recent intraday trading, preparing to attack the resistance of $86.00, and the USDCHF pair declined due to the stability of the key resistance at 0.8135, attempting to look for a higher low.