| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
The ETH/USD currency pair has appreciated about 22.40% in value since the end of April. The pair tested a resistance level formed by the weekly R2 at 183.7 on May 6.
After hitting the resistance line, the cryptocurrency began to decline. However, this decline was stopped by the 200-hour simple moving average at 170.5.
As for the near future, it is likely that the blockchain will continue its upside momentum. The potential targets will be near the upper boundary of an ascending channel pattern at 187.30.
Though, a resistance level formed by the weekly R2 at 183.7 could hinder such bullish momentum.