ETH/USD 4H Chart: Could still edge lower

Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The Ethereum cryptocurrency has declined by 12.96% against the US Dollar since December 1. The currency pair breached the 50– and 100– period SMAs during the past two weeks.

The ETH/USD exchange rate could continue to edge lower during the following trading sessions. The potential target for bearish traders would be near the 460.00 level.

However, the 200– period simple moving average at 527.3 could provide resistance for the cryptocurrency exchange rate in the shorter term.

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