Story highlights Emily still poses risk with rip currents along Southeast coast, forecasters say

Thousands of Florida residents remain without power

(CNN) Tropical Depression Emily has moved away from Florida, bringing an end to the rainfall and gusty winds.

The season's fifth named -- and one of the shortest-lived tropical storms -- was downgraded to a depression Monday night.

and out over the western Atlantic by Wednesday evening, according to the It is forecast to move northeastward off the Southeast coastand out over the western Atlantic by Wednesday evening, according to the National Weather Service

Despite the storm's downgrade, Emily still poses a risk, forecasters said.

"Although the storm is moving away, dangerous rip currents still exist along the Southeast coast," CNN meteorologist Chad Myers said.

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