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Update on Ethereum price forecast today 02-05-2025 $ETH

The price of Ethereum (ETHUSD) has declined in its recent trades on immediate levels, attempting to gain positive momentum that may help it recover and rise again, succeeding in alleviating its previous buying saturation that was evident in the relative strength indicators, amidst the dominance of the corrective upward trend in the short term and its trades alongside the trend line, with continued dynamic support provided due to its trading above the simple moving average for the period of 50.