ETH/USD 4H Chart: Makes pullback

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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)SellSellBuy
Aggregate

The Ethereum cryptocurrency has surged by 39.89% against the US Dollar since last week's trading sessions. The exchange rate tested the 600.00 level on November 24.

The ETH/USD pair made a U-turn from the weekly resistance level during yesterday's trading session.

Most likely, the cryptocurrency exchange rate could continue to decline within the following trading sessions.

However, the 200– period simple moving average at 453.60 could provide support for the pair next week.

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