| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The ETH/USD pair has been trading in an ascending channel pattern since the middle of December.
The Ethereum cryptocurrency breached the upper boundary of a dominant descending channel at 150.5 on January 4.
Given that a breakout had occurred, it is likely that the blockchain will continue moving north towards a resistance cluster formed by the combination of the weekly and the monthly PPs at the 170.00 mark.
Meanwhile, technical indicators suggest that the rally will continue during the following trading session.