ETH/USD 4H Chart: Remains near 100– period SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellSellBuy
Aggregate

During this week's trading sessions, the Ethereum cryptocurrency has declined by 10.90% in value against the US Dollar. The exchange rate breached the 50– period simple moving average within this period.

Currently, the ETH/USD pair is trading near the support level formed by the 100– period SMA at 157.80.

If the 100– period SMA holds, bullish traders could drive the pair higher during next week's trading sessions.

However, if the cryptocurrency breaks the support level, the next target for bears would be at the 140.00 regions.

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