| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Ethereum cryptocurrency has declined by 34.36% against the US Dollar since last week's trading sessions. The exchange rate reversed from the highest level at the $2000 mark on February 21.
Everything being equal, the world's second-biggest digital currency could continue to edge lower in a descending channel pattern during the following trading sessions. The potential target for the ETH/USD cryptocurrency pair will be near the weekly S1 at 1158.3.
However, a support line at 1300.0 could provide support for bearish traders during the following trading week.