| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
Since September 23, the Ethereum cryptocurrency has edged higher by 30.22% against the US Dollar. The exchange rate breached the 50– day simple moving average on October 2.
Given that the ETH/USD pair has rebounded from the support level at 2700.99, bullish traders are likely to continue to drive the price higher during the following trading sessions.
However, the world's second-largest cryptocurrency could encounter resistance at the $4K mark this week.