ETH/USD 4H Chart: Bounces off support

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

The Etheruem cryptocurrency fell by 23.03% against the US Dollar during last week's trading sessions. The decline was stopped by the 200– period simple moving average at 1916.20.

The exchange rate bounced off a support line at the 1742.40 area during this week's trading sessions. Most likely, buyers could drive the price towards the $3,000 mark this week.

However, the 50– period SMA at 2568 could provide resistance for the ETH/USD cryptocurrency exchange rate in the shorter term.

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