ETH/USD 4H Chart: Meets support cluster at 140.4

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

The Ethereum cryptocurrency has continued to appreciate against the US Dollar. The 50-, 100– and 200-hour SMAs provided support for the pair at 140.4 during the previous trading session.

Everything being equal, it is likely that the ETH/USD exchange rate continues to surge during the following trading sessions. The potential upside targets will be near the weekly R1 at 160.4.

However, the weekly resistance level at 149.73 could hinder bulls from pushing the cryptocurrency higher in the coming days.

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