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 downtrend with the price riding the lower band
  • Price volatility was very high. The market moved ~13.43% between $375.47 and $331

Today’s Trend analysis

  • ETHUSD expected to see a sideways movement as the price after riding the lower band got support with Bollinger band expansion
  • Price at time of publishing: $340.76
  • ETH’s market cap: $38.6 Billion
  • Oscillator indicators are mostly neutral. RSI at 30
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase as the price decreased and saw a decrease as the price moved sideways

Price expected to see a sideways movement as the price after riding the lower band got support with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD  line approaching the signal line from below, with the histogram size decreasing in negative region suggesting bearish bias. RSI at 30, in the neutral region close to oversold. CCI with a value of around -116 in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume observed an increase as the price decreased and saw a decrease as the price moved sideways to indicate a strengthening selling pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -116, in the oversold region with an upmove. RSI with a value of around 30 in the neutral region close to oversold.

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
371
NameValueAction
Relative Strength Index (14)30.99Neutral
Stochastic %K (14, 3, 3)20.75Neutral
Commodity Channel Index (20)−116.10Buy
Average Directional Index (14)31.33Neutral
Awesome Oscillator−31.18Sell
Momentum (10)−27.82Sell
MACD Level (12, 26)−9.45Sell
Stochastic RSI Fast (3, 3, 14, 14)18.35Neutral
Williams Percent Range (14)−77.49Neutral
Bull Bear Power−25.58Neutral
Ultimate Oscillator (7, 14, 28)40.49Neutral

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
1412
NameValueAction
Exponential Moving Average (5)345.81Sell
Simple Moving Average (5)342.54Buy
Exponential Moving Average (10)353.14Sell
Simple Moving Average (10)355.17Sell
Exponential Moving Average (20)362.25Sell
Simple Moving Average (20)368.4Sell
Exponential Moving Average (30)366.28Sell
Simple Moving Average (30)373.84Sell
Exponential Moving Average (50)369.33Sell
Simple Moving Average (50)372.53Sell
Exponential Moving Average (100)373.52Sell
Simple Moving Average (100)364.47Sell
Exponential Moving Average (200)375.52Sell
Simple Moving Average (200)385.11Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)361.65Neutral
Volume Weighted Moving Average (20)356.61Sell
Hull Moving Average (9)336.34Buy

Trade volume

In the recent few candles, the volume saw an increase from 12.2k to 102k as the price decreased and the volume decreased to 9.95k as the price saw a sideways movement, with an increase in the 20-candle moving average from 17.5k and 25.4k.


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