The Ethereum price (ETHUSD) edged higher during its latest intraday trading, as it attempts to break above the pivotal and stubborn resistance at $2,500, while continuing its short-term sideways movement, supported by its continued trading above EMA50, which provides the price with a dynamic support base that enhances the chances of a breakout over the coming period. On the other hand, negative signals are beginning to emerge from the relative strength indicators after reaching extremely overbought levels, which may hinder the pair’s chances of a rapid recovery, to relieve these overbought conditions.

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