Ethereum Finds Base for Recovery as Brent Surges Higher

Ethereum (ETHUSD) has been experiencing consecutive losses in its intraday trading, but experts believe it may be finding a base to recover from.

The cryptocurrency is leaning on EMA50 and has reached oversold levels compared to the price move. This has led to the emergence of positive overlapping signals from relative strength indicators, indicating a possible recovery in the near future.

This comes as Brent crude oil surges higher after breaching $75.00 resistance, under the dominance of a bullish corrective wave.