| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Ethereum cryptocurrency has been trending bearish against the US Dollar since the beginning of March. The exchange rate has declined by 58.33% in value during the past two weeks.
The currency pair bounced off the psychological support level at 100.00 at the beginning of this week's trading sessions. The ETH/USD pair will most likely continue to edge higher until it reaches the upper boundary of a descending channel pattern at 209.23.
However, a resistance cluster at the 171.10 area could hinder the cryptocurrency exchange rate during the following trading sessions.