| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Neutral | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Ethereum cryptocurrency has been trading in an ascending channel against the US Dollar since the middle of December when the pair bounced off its lower boundary at 93.00.
Currently, the ETH/USD pair is trading near the bottom border of the channel pattern at 117.1 and could be set for a breakout.
If the blockchain breaks the junior ascending channel pattern, the pair could aim at a support level formed by the weekly S1 at 93.00.
If the 50-hour SMA at 117.1 holds, the cryptocurrency will maintain the junior ascending channel pattern during the following trading session.