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ETH/USD two scenarios likely

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

[ANNOUNCE]The Ethereum cryptocurrency has declined by 31.51% against the US Dollar since September 7. The world's second-largest crypto by market capitalization tested the 2750.6 this week.[/ANNOUNCE]

All things being equal, the exchange rate could continue to trend lower during the following trading sessions. The potential target for bearish traders would be near the $2000 mark.

However, the ETH/USD cryptocurrency could reverse from the current price level at 2800.3 and target the 50– day simple moving average at the $4000 mark during this week's trading sessions.

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Actual Topics

30 Sep 2021

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GBP/CAD breakout occurs

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