Eddie likes Richie who is moving away. Eddie and the losers chase after Richie when they relize that Richie had been hurting him self and Eddie of coarse wants to confess to Richie.
Richie's been struggling with his sexuality for years, unsure of what everyone would think of him when they found out his secret. After defeating Pennywise with the other losers, he's clueless as to where his life is leading him.
Little does Richie know, Eddie is going through a very similar situation.