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Update on Ethereum Price Prediction for Today 17-06-2025 $ETH

The price of Ethereum (ETHUSD) has recently declined at the momentary levels, amid ongoing negative pressure resulting from trading below its simple moving average for the past 50 periods, with negative signals emerging from the relative strength indicators, after previously reaching areas of extreme overbought conditions. However, the price is moving along a major upward trend line in the short term, attempting with this recent decline to gain positive momentum that may assist it in recovering and rising again.