ETH/USD Daily Chart: Fails to surpass 50– day SMA

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

The Etheruem cryptocurrency edged higher by 28.93% against the US Dollar during last week's trading sessions. The surge was stopped by the 50– day simple moving average.

The second-largest cryptocurrency by market capitalization failed to surpass the 50– day SMA.

Technical indicators suggest selling signals on the 4H time-frame chart. The exchange rate could continue to edge lower this week.

However, sellers are likely to encounter support at the $2,000 level during the following trading sessions.

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