ETH/USD two scenarios likely

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

The Ethereum cryptocurrency has declined by 31.51% against the US Dollar since September 7. The world's second-largest crypto by market capitalization tested the 2750.6 this week.

All things being equal, the exchange rate could continue to trend lower during the following trading sessions. The potential target for bearish traders would be near the $2000 mark.

However, the ETH/USD cryptocurrency could reverse from the current price level at 2800.3 and target the 50– day simple moving average at the $4000 mark during this week's trading sessions.

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