| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Ethereum cryptocurrency has depreciated about 20.91% against the US Dollar since April 5. The pair breached the 50-, 100– and 200-hour simple moving averages during this period.
Everything being equal, it is likely that the ETH/USD exchange rate will make a retracement towards a resistance cluster formed by the combination of the weekly and the monthly PPs at 173.3 in the nearest future.
On the other hand, the pair could continue its southern movement during the following trading session.
Meanwhile, technical indicators demonstrate that the decline might continue today.