ETH/USD 4H Chart: Tests 50% Fibo level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellSellNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇒

[ANNOUNCE]The ETH/USD pair has appreciated about 61.73% in value since May 10. The cryptocurrency hit the $280 mark during yesterday's trading session.[/ANNOUNCE]

After reaching the 280.0 area, the Ethereum cryptocurrency began to decline. The pair tested the 50.00% Fibonacci retracement level at 228.2 during the morning hours of Friday's trading session.

If the 50.00% Fibonacci retracement level holds, a surge towards the $300 mark could be expected during next week's trading sessions.

However, if the pair passes the Fibonacci level as mentioned above, bears are likely to aim for a support cluster at 213.7 in the shorter term.

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