| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The ETH/USD pair has been trading south since the beginning of August when the exchange rate reversed from a resistance cluster formed by the weekly R2 and the monthly pivot point at 244.86. The pair has depreciated about 18.48% in value since August 6.
The Ethereum cryptocurrency is currently trading near the upper boundary of a descending channel at 195.46.
If the resistance level, formed by the upper border of the descending channel holds, the pair will continue its southern movement in the short term future.
Everything being equal, Most likely, a breakout will occur during the following trading sessions.