| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The ETH/USD cryptocurrency has been trading in a downtrend channel pattern since the end of June. However, a breakout occurred through the upper boundary of the descending channel during last week's trading sessions.
From a technical point of view, the Ethereum cryptocurrency will most likely continue to edge up during the following trading sessions. The potential target for the exchange rate will be at 200..93.
Although, a resistance cluster formed by the monthly pivot point and the weekly R1 at 192.7 could provide a significant resistance for the exchange rate in the shorter term.