Ethereum (ETHUSD) declined in recent intraday trading, under continued bearish pressure as it remains below the EMA50, which reinforces the dominance of the short-term downtrend. Price action is also moving along a descending trendline, supporting the ongoing negative structure.

 

In addition, relative strength indicators are showing renewed negative signals, keeping the bearish outlook intact for the near term unless key resistance levels are broken. This setup maintains downward pressure on the price.