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 slight downtrend with support from the lower band
  • Price volatility was very high. The market moved ~7.86% between $350.93 and $325.36

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price got support from lower band and Bollinger band squeeze continues
  • Price at time of publishing: $339
  • ETH’s market cap: $38.2Billion
  • Oscillator indicators are mostly neutral. RSI at 41
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase until the support was reached and decreased after that

Price expected to see an uptrend as the price got support from lower band and Bollinger band squeeze continues. Most of the Oscillator indicators are neutral. MACD  line moving above the signal line, with histogram fluctuating in positive direction suggesting bullish bias. RSI at 41, in the neutral region below the midline. CCI with a value of around -51 in the neutral region. Another interesting point to notice here is that the volume observed an increase until the support was reached and decreased after that indicating a weakening buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -51, 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
092
NameValueAction
Relative Strength Index (14)41.54Neutral
Stochastic %K (14, 3, 3)35.85Neutral
Commodity Channel Index (20)−51.67Neutral
Average Directional Index (14)44.35Neutral
Awesome Oscillator−19.38Neutral
Momentum (10)−8.04Buy
MACD Level (12, 26)−11.36Buy
Stochastic RSI Fast (3, 3, 14, 14)57.01Neutral
Williams Percent Range (14)−58.50Neutral
Bull Bear Power−11.84Neutral
Ultimate Oscillator (7, 14, 28)45.26Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating a downtrend. Ichimoku Cloud is neutral and Hull MA is indicating a buying 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
1313
NameValueAction
Exponential Moving Average (5)337.45Buy
Simple Moving Average (5)336.9Buy
Exponential Moving Average (10)339.9Sell
Simple Moving Average (10)341.3Sell
Exponential Moving Average (20)347.09Sell
Simple Moving Average (20)342.97Sell
Exponential Moving Average (30)355.85Sell
Simple Moving Average (30)351.9Sell
Exponential Moving Average (50)369.47Sell
Simple Moving Average (50)386.36Sell
Exponential Moving Average (100)383.97Sell
Simple Moving Average (100)392.98Sell
Exponential Moving Average (200)380.88Sell
Simple Moving Average (200)399.25Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)352.28Neutral
Volume Weighted Moving Average (20)343.02Sell
Hull Moving Average (9)333.56Buy

Trade volume

In the recent few candles, the volume saw an increase from 15.4k to 58.3k, and as soon as the price got the support from the lower band the volume started to decrease to 15.4k, being below the 20-candle moving average which saw a decrease from 56.5k to 36.4k.


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