| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
Since August 3, the Ethereum cryptocurrency has surged by 37.25% against the US Dollar. The world's second-largest crypto by market cap tested the $3,400 mark on August 23.
Technical indicators suggest buying signals on the daily time-frame chart. Most likely, buyers could continue to drive the price higher during the following trading sessions.
However, if the resistance level near the $3,400 area holds, a decline towards the 50– day simple moving average at 2565.6 could be expected in the nearest future.