Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | N/A |
RSI (14) | Neutral | Buy | Buy |
Stochastic (5; 3) | Neutral | Buy | Buy |
Alligator (13; 8; 5) | Sell | Sell | Sell |
SAR (0.02; 0.2) | Sell | Sell | Sell |
Aggregate | ⇘ | ⇒ | ⇗ |
The ETH/USD pair has been trading in a medium-term descending channel pattern since the beginning of November.
The Ethereum cryptocurrency was trading near the upper boundary of the medium-term channel at 90.80 during the morning hours of Monday's session and could be set for a breakout.
If this breakout occurs, the blockchain will aim at a resistance level formed by the 100-hour simple moving average at 108.8.
However, technical indicators demonstrate that the surge might not be immediate.