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 followed by support from lower band
  • Price volatility was very high. The market moved ~9.72% between $343.44 and $313

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as price is trading between the midline and lower band after getting support form the lower band it is expected to increase
  • Price at time of publishing: $327.54
  • ETH’s market cap: $37.8 Billion
  • Oscillator indicators are mostly neutral. RSI at 33
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators saw an increase in value as the price decreased followed by a decrease in value as price increased indicating a weak buying pressure

Price expected to see an uptrend as price is tradng between midline and lower band after getting support form lower band it is expected to increase. 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 33, in the neutral region below midline with an upmove form oversold. CCI with a value of around -108 in the oversold region indicating an uptrend. Another interesting point to notice here is that the Bollinger band squeeze is taking place and volume observed an increase in value as the price decreased followed by a decrease in value as price increased indicating a weak buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -117, in the oversold region indicating an uptrend. RSI with a value of around 33 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
272
NameValueAction
Relative Strength Index (14)32.11Neutral
Stochastic %K (14, 3, 3)30.34Neutral
Commodity Channel Index (20)−117.93Buy
Average Directional Index (14)44.78Neutral
Awesome Oscillator−29.22Sell
Momentum (10)−15.06Buy
MACD Level (12, 26)−11.28Sell
Stochastic RSI Fast (3, 3, 14, 14)37.18Neutral
Williams Percent Range (14)−61.14Neutral
Bull Bear Power−20.51Neutral
Ultimate Oscillator (7, 14, 28)43.15Neutral

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
1511
NameValueAction
Exponential Moving Average (5)327.68Sell
Simple Moving Average (5)327.41Sell
Exponential Moving Average (10)332.51Sell
Simple Moving Average (10)334.03Sell
Exponential Moving Average (20)341.43Sell
Simple Moving Average (20)341.18Sell
Exponential Moving Average (30)348.04Sell
Simple Moving Average (30)354.03Sell
Exponential Moving Average (50)355.75Sell
Simple Moving Average (50)363.54Sell
Exponential Moving Average (100)365.11Sell
Simple Moving Average (100)363.57Sell
Exponential Moving Average (200)370.86Sell
Simple Moving Average (200)380.71Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)349.19Neutral
Volume Weighted Moving Average (20)339.81Sell
Hull Moving Average (9)320.22Buy

Trade volume

In the recent few candles, the volume saw an increase in volume from 13k to 74.4k as the price saw a decline followed by volume going down to 19kas price increased with an increase to 20-candle moving average form 25.7k to 31.5k.


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