ETH/USD tests $4K mark

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇗

[ANNOUNCE]The Ethereum cryptocurrency edged higher by 26.22% against the US Dollar last week. The world's second-largest cryptocurrency by market cap tested the $4000 mark on September 5.[/ANNOUNCE]

All things being equal, the exchange rate could continue to trend higher during the following trading sessions. The potential target for bullish traders would be near the $4500 mark.

However, if the ETH/USD cryptocurrency pair breaks the support level at 3362.8, a decline towards the 200– days simple moving average at 2500.0 could be expected in the nearest future.

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