ETH/USD Daily Chart: Consolidates below $3,000

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuySellSell
Aggregate⇑⇘⇒

[ANNOUNCE]The Ethereum cryptocurrency declined by 17.99% against the US Dollar during last week's trading sessions. The 50– day simple moving average pressured the exchange rate lower last week.[/ANNOUNCE]

The cryptocurrency Ether could continue to trade within the 2,000.0/3,000.0 levels during the following trading sessions. Sellers are likely to target the $2000 level this week.

However, technical indicators suggest the ETH/USD cryptocurrency exchange rate could trend bullish during this week's trading sessions.

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