This is ETHUSD daily price analysis, provided by Mudrex (automated crypto investing platform). This analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.

You can find price analysis from previous days on blog here and on Tradingview here.


Analysis Summary

Market in last 24hrs

  • ETHUSD moved sideways with rejection from upper Bollinger band
  • Price volatility was high. The market moved ~5.71%, between $447.5 and $423.31

Today’s Trend analysis

  • ETHUSD expected to see a slight downtrend as lower highs observed
  • Price at time of publishing: $428
  • ETH’s market cap: $48.2 Billion
  • Oscillator indicators are mostly neutral. RSI at 53
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators saw a decrease in volume in the last few candles as red candles were observed

Price expected to see a slight downtrend as Bollinger band continue to be squeezed and lower highs were observed. Most of the Oscillator indicators are neutral. MACD  line below the signal line, histogram size increasing in the negative direction. RSI at 53, above the midline in the neutral region. CCI came back to the neutral region from the overbought region with a value of around -19. Another interesting point to notice here is that the volume was decreasing as the red candles were observed.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -19, in the neutral region, pulled back from the overbought region. RSI with a value of around 53 above the midline, still in the neutral region.

Definition:- Oscillator indicators are based on the market’s property that what goes up must come down. Reversion to the mean is one of the most fundamental properties of any market. Oscillators are predictive in nature, specifying future price momentum.

SellNeutralBuy
191
Relative Strength Index (14)53.90Neutral
Stochastic %K (14, 3, 3)52.43Neutral
Commodity Channel Index (20)−19.85Neutral
Average Directional Index (14)16.15Neutral
Awesome Oscillator11.80Neutral
Momentum (10)−1.35Buy
MACD Level (12, 26)4.90Sell
Stochastic RSI Fast (3, 3, 14, 14)27.94Neutral
Williams Percent Range (14)−48.68Neutral
Bull Bear Power−4.15Neutral
Ultimate Oscillator (7, 14, 28)57.98Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating towards an uptrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling opportunity.

Definition:- Moving Average indicators are lagging indicators that help catch trends when they are beginning to take effect. The idea is to buy when the trend is moving up and sell when the trend is falling.

SellNeutralBuy
719
NameValueAction
Exponential Moving Average (5)431.56Sell
Simple Moving Average (5)434.21Sell
Exponential Moving Average (10)431.25Sell
Simple Moving Average (10)431.31Sell
Exponential Moving Average (20)428.48Buy
Simple Moving Average (20)431.47Sell
Exponential Moving Average (30)424.30Buy
Simple Moving Average (30)427.54Buy
Exponential Moving Average (50)415.81Buy
Simple Moving Average (50)412.06Buy
Exponential Moving Average (100)394.00Buy
Simple Moving Average (100)400.70Buy
Exponential Moving Average (200)355.55Buy
Simple Moving Average (200)340.47Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)429.72Neutral
Volume Weighted Moving Average (20)433.83Sell
Hull Moving Average (9)432.88Sell

Trade volume

In recent few candles, the traded volume has decreased consistently from 77.9k to 16.37k as the red candles are observed suggesting a shift from buyers to sellers, with the 20-candle average decreasing from 34.99k to 31.48k.


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