ETH/USD 4H Chart: Stranded between SMAs

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)SellBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇗

[ANNOUNCE]The Ethereum cryptocurrency has been depreciating against the US Dollar since June 26 after the pair could not surpass the resistance level formed by the weekly R1 at 357.03.[/ANNOUNCE]

As apparent on the (4H) chart, the ETH/USD is stranded between SMAs during the morning hours of Friday's trading session.

Technical indicators flash sell signals on the smaller time frame, therefore, a southern breakout might occur within this session.

However, if the support level formed by the 200-hour simple moving average holds, bulls could push the cryptocurrency towards the 357.03 area during next week's trading sessions.

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