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 a sideways movement reaching the midline Bollinger band
  • Price volatility was very high. The market moved ~10.47%, between $357. and $323.17

Today’s Trend analysis

  • ETHUSD expected to see a slight uptrend as the Bollinger band squeeze takes place with price reaching the midline
  • Price at time of publishing: $345
  • ETH’s market cap: $39.1Billion
  • Oscillator indicators are mostly neutral. RSI at 41
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decrease as the price increases indicating s shift from sellers to buyers

Price expected to see a slight uptrend as the Bollinger band squeeze takes place with price reaching the midline. Most of the Oscillator indicators are neutral. MACD  line moving above the signal line, with histogram size increasing in positive direction suggesting bullish bias. RSI at 42, in the neutral region below the midline. CCI with a value of around -10 in the neutral region. Another interesting point to notice here is that the volume observed a decrease as the price increases indicating s shift from sellers to buyers.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -10, in the neutral region. RSI with a value of around 41 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
281
NameValueAction
Relative Strength Index (14)41.96Neutral
Stochastic %K (14, 3, 3)76.56Neutral
Commodity Channel Index (20)−10.50Neutral
Average Directional Index (14)42.97Neutral
Awesome Oscillator−26.03Neutral
Momentum (10)2.6Sell
MACD Level (12, 26)−12.69Buy
Stochastic RSI Fast (3, 3, 14, 14)92.03Neutral
Williams Percent Range (14)−29.84Neutral
Bull Bear Power−5.13Sell
Ultimate Oscillator (7, 14, 28)54.42Neutral

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
1412
NameValueAction
Exponential Moving Average (5)347.89Sell
Simple Moving Average (5)348.34Sell
Exponential Moving Average (10)348.22Sell
Simple Moving Average (10)347.48Buy
Exponential Moving Average (20)355.99Sell
Simple Moving Average (20)349.1Sell
Exponential Moving Average (30)365.49Sell
Simple Moving Average (30)364.03Sell
Exponential Moving Average (50)378.48Sell
Simple Moving Average (50)397.69Sell
Exponential Moving Average (100)390.05Sell
Simple Moving Average (100)396.24Sell
Exponential Moving Average (200)383.64Sell
Simple Moving Average (200)401.06Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)355.2Neutral
Volume Weighted Moving Average (20)345.31Buy
Hull Moving Average (9)350.79Sell

Trade volume

In the recent few candles, the volume saw a decrease from 69 to 14k as the price saw an uptrend being below the 20-candle moving average which decreased from 60.8k to 56.4k.


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