| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Ethereum cryptocurrency has been trading sideways against the US Dollar since the middle of March. The currency pair traded between the range of 146.33/121.00 during this period.
All things being equal, the ETH/USD exchange rate could edge higher within the following trading sessions. A breakout through the upper boundary of a descending channel pattern could occur.
However, a resistance cluster formed by the monthly pivot point and the weekly R2 at 152.83 could provide resistance for the currency exchange rate in the shorter term.