| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
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.
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.