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 price now riding the upper band
  • Price volatility was very high. The market moved ~13.17% between $375.74 and $332

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price is riding the upper band with higher highs and Bollinger band expansion
  • Price at time of publishing: $362
  • ETH’s market cap: $41 Billion
  • Oscillator indicators are mostly neutral. RSI at 57
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase with relatively low volume for red candles

Price expected to see an uptrend as the price is riding the upper band with higher highs and Bollinger band expansion. 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 57, in the neutral region above the midline. CCI with a value of around 196 in the overbought region. Another interesting point to notice here is that the volume observed an increase with relatively low volume for red candles indicating a weak selling pressure and shift from sellers to buyer.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 192, in the overbought region. RSI with a value of around 57 in the neutral region above 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
353
NameValueAction
Relative Strength Index (14)57.23Neutral
Stochastic %K (14, 3, 3)86.72Sell
Commodity Channel Index (20)192.55Sell
Average Directional Index (14)33.96Neutral
Awesome Oscillator7.78Buy
Momentum (10)27.38Buy
MACD Level (12, 26)−1.67Buy
Stochastic RSI Fast (3, 3, 14, 14)92.22Neutral
Williams Percent Range (14)−13.82Sell
Bull Bear Power36.7Neutral
Ultimate Oscillator (7, 14, 28)64.34Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating an uptrend. 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
5111
NameValueAction
Exponential Moving Average (5)360.8Buy
Simple Moving Average (5)360.03Buy
Exponential Moving Average (10)354.57Buy
Simple Moving Average (10)349.51Buy
Exponential Moving Average (20)352.8Buy
Simple Moving Average (20)346.92Buy
Exponential Moving Average (30)357.01Buy
Simple Moving Average (30)346.1Buy
Exponential Moving Average (50)367.25Buy
Simple Moving Average (50)373.19Sell
Exponential Moving Average (100)381.13Sell
Simple Moving Average (100)390.64Sell
Exponential Moving Average (200)379.59Sell
Simple Moving Average (200)398.38Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)346.17Neutral
Volume Weighted Moving Average (20)345.42Buy
Hull Moving Average (9)368.26Buy

Trade volume

In the recent few candles, the volume saw an increase from 13.3k to 63.7k, and had low values for red candles with a steep decrease in the 20-candle moving average from 34.3k to 33.2k.


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