ETH/USD breached 4300.00

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The Ethereum cryptocurrency has edged higher by 15.25% against the US Dollar since October 20. The world's second-largest crypto currency breached the 4300,00 on October 29.

All things being equal, the exchange rate could continue to surge in an ascending channel pattern during the following trading sessions. The potential target for buyers will be near the $5k mark.

However, the ETH/USD cryptocurrency exchange rate could encounter resistance at 4500.0 in the shorter term.

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