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 consolidation followed by a decline price moving sideways
  • Price volatility was very high. The market moved ~4.22% between $346.84 and $332.77

Today’s Trend analysis

  • ETHUSD expected to see a downtrend as price moved sideways after getting support from the lower band, with baseline above the conversion line and price below the Ichimoku cloud
  • Price at time of publishing: $335.37
  • ETH’s market cap: $37.8 Billion
  • Oscillator indicators are mostly neutral. RSI at 30
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a similar value in the recent candles with a spike observed for a blue candle

Price expected to see a downtrend as price moved sideways after getting support from the lower band, with baseline above the conversion line and price below the Ichimoku cloud. 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 -86 in the neutral region. Another interesting point to notice here is that the Bollinger band is moivng down and volume observed a similar value in the recent candles with a spike observed for a blue candle indicating bearish momentum.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -85, in the neutral region with a downmove. RSI with a value of around 30 in the neutral region close to oversold line.

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
290
Relative Strength Index (14)30.78Neutral
Stochastic %K (14, 3, 3)20.06Neutral
Commodity Channel Index (20)−85.48Neutral
Average Directional Index (14)38.32Neutral
Awesome Oscillator−26.22Neutral
Momentum (10)−5.82Sell
MACD Level (12, 26)−10.15Sell
Stochastic RSI Fast (3, 3, 14, 14)42.74Neutral
Williams Percent Range (14)−91.44Neutral
Bull Bear Power−17.95Neutral
Ultimate Oscillator (7, 14, 28)37.58Neutral

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
1610
NameValueAction
Exponential Moving Average (5)339.78Sell
Simple Moving Average (5)340.9Sell
Exponential Moving Average (10)343.66Sell
Simple Moving Average (10)340.92Sell
Exponential Moving Average (20)352.04Sell
Simple Moving Average (20)355.09Sell
Exponential Moving Average (30)357.48Sell
Simple Moving Average (30)364.55Sell
Exponential Moving Average (50)362.98Sell
Simple Moving Average (50)368.48Sell
Exponential Moving Average (100)369.67Sell
Simple Moving Average (100)364.59Sell
Exponential Moving Average (200)373.43Sell
Simple Moving Average (200)382.95Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)359.57Neutral
Volume Weighted Moving Average (20)349.38Sell
Hull Moving Average (9)341.04Sell

Trade volume

In the recent few candles, the volume saw a similar value in the recent candles around 15k with a spike observed for a blue candle of 32k, the value being below the 20-candle moving average which increased from 23k to 25k.


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