Ethereum Price Rises Above EMA50, Targets $2500 Resistance

Ethereum's price has shown new positive signs in its latest intraday trading, as it continues to rise above the EMA50 dynamic support level. This reinforces the chances of a price increase, with the cryptocurrency preparing to attack the key resistance at $2,500.

The emergence of positive signals from the relative strength indicators also suggests that Ethereum is experiencing reduced oversold levels, which could indicate a recovery on the near term basis.

As the main bullish trend dominates the short-term basis, Ethereum's price is likely to continue its upward momentum. However, it's essential to keep in mind the continuation of negative pressure due to trading below EMA50.