(ETHUSD) declined slightly in its latest intraday trading, due to the stability of the resistance at $1,775, which was our last expected targets, with the beginning of negative overlapping signals’ emergence on the relative strength indicators after reaching overbought levels, and there is a possibility to form negative divergence.

 

On the other hand, the price is benefited from the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of the bullish corrective trend on the short-term basis, so we might witness some bearish corrective rebounds to look for a new rising low, that might provide bullish momentum to help the price breach this resistance.