| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Ethereum cryptocurrency has surged by 39.33% against the US Dollar since February 1. The cryptocurrency hit a new high at 1830.7 during this week's trading sessions.
Technical indicators suggest that buyers are likely to continue to pressure the ETH/USD exchange rate higher during the following trading sessions. The potential target for bullish traders would be near the 2200.00 level.
However, the weekly R1 at 1815.73 could still provide resistance for the cryptocurrency exchange rate in the shorter term.