| 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) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Etheruem cryptocurrency has surged by 15.62% against the US Dollar since October 8. The exchange rate breached the upper line of an ascending channel pattern at 388.00 during this week's trading sessions.
Given that the 50-, 100 and 200– period SMAs are below the price level, bullish traders could continue to pressure the ETH/USD pair higher during the following trading sessions.
However, a resistance cluster formed by the weekly R1 and the monthly pivot point near the 384.8 area could provide resistance for the cryptocurrency exchange rate in the nearest future.