ETH/USD 4H Chart: Bulls likely to prevail

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

The Ethereum cryptocurrency has edged higher by 23.19% against the US Dollar since September 6. The 50– period simple moving average pressured the cryptocurrency higher during this week's trading sessions.

All things being equal, the ETH/USD exchange rate could continue to surge during the following trading sessions. The potential target for bulls would be near the 440.0 level.

However, the upper line of an ascending channel pattern could provide resistance for the cryptocurrency exchange rate in the shorter term.

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