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 saw an uptrend with the price reaching the midline band
  • Price volatility was high. The market moved ~6.7%, between 360.61 and $337.79

Today’s Trend analysis

  • ETHUSD expected to see a slight uptrend after the price gets support from the lower band as the price trading inside the channel
  • Price at time of publishing: $346
  • ETH’s market cap: $38.9 Billion
  • Oscillator indicators are mostly neutral. RSI at 37
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decrease as the price increases while saw a spike at the highest price

Price expected to see a slight uptrend after the price gets support from the lower band as the price trading inside the channel. Most of the Oscillator indicators are neutral. MACD  line crossed above the signal line, with histogram size increasing in positive direction. RSI at 37, in the neutral region below the midline. CCI with a value of around -57 in the neutral region. Another interesting point to notice here is that the volume observed a decrease as the price increases while saw a spike at the highest price indicating a shift from buyers to sellers.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -57, in the neutral region. RSI with a value of around 37 in the neutral region below the midline.

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
092
NameValueAction
Relative Strength Index (14)37.54Neutral
Stochastic %K (14, 3, 3)45.43Neutral
Commodity Channel Index (20)−57.19Neutral
Average Directional Index (14)43.96Neutral
Awesome Oscillator−44.23Neutral
Momentum (10)−13.21Buy
MACD Level (12, 26)−18.04Buy
Stochastic RSI Fast (3, 3, 14, 14)92.47Neutral
Williams Percent Range (14)−59.42Neutral
Bull Bear Power−18.82Neutral
Ultimate Oscillator (7, 14, 28)58.3Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating a downtrend. 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
1511
NameValueAction
Exponential Moving Average (5)347.42Sell
Simple Moving Average (5)348.6Sell
Exponential Moving Average (10)350.48Sell
Simple Moving Average (10)342.32Buy
Exponential Moving Average (20)363.6Sell
Simple Moving Average (20)361.62Sell
Exponential Moving Average (30)374.82Sell
Simple Moving Average (30)382.55Sell
Exponential Moving Average (50)387.19Sell
Simple Moving Average (50)405.91Sell
Exponential Moving Average (100)395.64Sell
Simple Moving Average (100)398.9Sell
Exponential Moving Average (200)385.96Sell
Simple Moving Average (200)402.54Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)380.56Neutral
Volume Weighted Moving Average (20)357.27Sell
Hull Moving Average (9)351.77Sell

Trade volume

In the recent few candles, the volume decreased as the price increased from 58k to 34k and saw a slight increase as the price started to fall at 34k decreasing further to 24k, being below the 20-candle moving average which decreased from 70.4k to 60.3k.


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