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 followed by rejection from upper band
  • Price volatility was very high. The market moved ~9.14% between $353.14 and $323.55

Today’s Trend analysis

  • ETHUSD expected to see a decline and get support from midline to consolidate as the price got rejected from upper band with higher highs being observed
  • Price at time of publishing: $343.08
  • ETH’s market cap: $38.7 Billion
  • Oscillator indicators are mostly neutral. RSI at 48
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators saw an increase in value as the price increased followed by a decrease in value as price decreased indicating a strengthened buying pressure

Price expected to see a decline and get support from midline to consolidate as the price got rejected from upper band with higher highs being observed. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in positive region suggesting bullish bias. RSI at 48, in the neutral region below midline. CCI with a value of around 59 in the neutral region with a pullback from overbought region. Another interesting point to notice here is that the volume observed an increase in value as the price increased followed by a decrease in value as price decreased indicating a strengthened buying pressure

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 59, in the neutral region with a pullback from overbought. RSI with a value of around 48 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
182
NameValueAction
Relative Strength Index (14)48.15Neutral
Stochastic %K (14, 3, 3)81.69Neutral
Commodity Channel Index (20)59.61Neutral
Average Directional Index (14)32.85Neutral
Awesome Oscillator−5.75Neutral
Momentum (10)5.17Buy
MACD Level (12, 26)−4.31Buy
Stochastic RSI Fast (3, 3, 14, 14)90.59Neutral
Williams Percent Range (14)−23.75Neutral
Bull Bear Power3.59Sell
Ultimate Oscillator (7, 14, 28)60.8Neutral

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
1016
NameValueAction
Exponential Moving Average (5)343.47Buy
Simple Moving Average (5)345.7Sell
Exponential Moving Average (10)341.22Buy
Simple Moving Average (10)336.69Buy
Exponential Moving Average (20)342.98Buy
Simple Moving Average (20)338.44Buy
Exponential Moving Average (30)346.98Sell
Simple Moving Average (30)346.14Sell
Exponential Moving Average (50)353.41Sell
Simple Moving Average (50)361.09Sell
Exponential Moving Average (100)362.81Sell
Simple Moving Average (100)363.55Sell
Exponential Moving Average (200)369.34Sell
Simple Moving Average (200)379.34Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)344.74Neutral
Volume Weighted Moving Average (20)337.92Buy
Hull Moving Average (9)350.54Sell

Trade volume

In the recent few candles, the volume saw an increase from 19.2k to 45k as the price increased followed by a decrease in price reducing the volume to 15.66k with the 20-candle moving average decreasing from 31.3k to 26.7k.


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