ETH/USD 4H Chart: Bulls likely to prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The Ethereum cryptocurrency has surged by 25.74% against the US Dollar since November 1. The currency pair tested the $465 mark during this week's trading sessions.

All things being equal, the exchange rate might continue to edge higher during the following trading sessions. A breakout through the upper boundary of an ascending channel pattern could occur.

However, if the channel pattern holds, a decline towards the support cluster at 428.6 could be expected during the following trading sessions.

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