Ethereum Extends Consecutive Gains Amid Renewed Momentum

The Ethereum price is experiencing consecutive gains due to its trading above the EMA50, providing dynamic support and renewed momentum. This trendline also offers stability to the main bullish trend, which remains valid. Positive signals from relative strength indicators are reinforcing the chances of extending these gains in the near term.

The price has been moving along a secondary trendline, supporting its stability. The dominant short-term bearish corrective wave is no longer present, and negative pressure is decreasing as the price trades above EMA50.