| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The ETH/USD cryptocurrency pair bounced off a support level at 2801.2 on September 30. As a result, the world's second-largest crypto has edged higher by 38.98% since the beginning of October.
Technical indicators suggest that the Ethereum cryptocurrency could continue to edge higher. Bullish traders may target the $5,000 level during the following trading sessions.
However, the resistance level at 4218.7 could provide resistance for the exchange rate in the shorter term.