ETH/USD bulls could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

The Ethereum cryptocurrency has surged by 28.36% against the US Dollar during the last seven days. The ETH/USD cryptocurrency pair breached the 50– day simple moving average on October 2.

Everything being equal, the exchange rate could continue to edge higher during the following trading session. The potential target for buyers would be near the 4,500 mark.

However, bullish traders could encounter resistance at 4218.79 within this week's trading sessions.

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