| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Ethereum cryptocurrency has declined by 8.58% against the US Dollar since June 24. The exchange rate breached the 215.00 level during last week's trading sessions.
The currency pair is currently trading near the upper boundary of a descending channel pattern at 225.6.
If the channel pattern holds, bears will continue to pressure the cryptocurrency exchange rate lower during next week's trading sessions.
However, if the ETH/USD pair breaks the descending channel pattern, a surge towards the 240.00 mark could be expected within the following trading sessions.