ETH/USD breached the 2780.0 level

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

[ANNOUNCE]Since September 7, the Ethereum cryptocurrency has declined by 33% against the US Dollar. The world's second-largest crypto by market cap tested the support level at 2780.7 during the Asian session on Wednesday.[/ANNOUNCE]

If the support level at 2780.7 holds, bullish traders could pressure the ETH/USD exchange rate higher towards the $4500 mark during the following trading sessions.

However, if the cryptocurrency exchange rate breaks the support line, a decline towards the 1752.00 area could be expected during the coming weeks.

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