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 decline with midline support to consolidate
  • Price volatility was very high. The market moved ~6.06% between $358.12 and $337.63.55

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 Bollinger band expansion
  • Price at time of publishing: $350.80
  • ETH’s market cap: $39.64 Billion
  • Oscillator indicators are mostly neutral. RSI at 55
  • Moving average indicators are suggesting an uptrend. 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 Bollinger band expansion. 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 55, in the neutral region above midline. CCI with a value of around 102 in the oversold region indicating an uptrend. 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 102, in the oversold region indicating an uptrend. RSI with a value of around 55 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
173
NameValueAction
Relative Strength Index (14)55.61Neutral
Stochastic %K (14, 3, 3)85.72Sell
Commodity Channel Index (20)102.47Neutral
Average Directional Index (14)24.43Neutral
Awesome Oscillator5.83Buy
Momentum (10)8.16Buy
MACD Level (12, 26)−0.05Buy
Stochastic RSI Fast (3, 3, 14, 14)92.8Neutral
Williams Percent Range (14)−12.65Neutral
Bull Bear Power12.43Neutral
Ultimate Oscillator (7, 14, 28)59.82Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating an uptrend. 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
6110
NameValueAction
Exponential Moving Average (5)350.71Buy
Simple Moving Average (5)351.26Buy
Exponential Moving Average (10)347.91Buy
Simple Moving Average (10)348.33Buy
Exponential Moving Average (20)346.32Buy
Simple Moving Average (20)341.03Buy
Exponential Moving Average (30)348.05Buy
Simple Moving Average (30)341.56Buy
Exponential Moving Average (50)352.71Buy
Simple Moving Average (50)357.09Sell
Exponential Moving Average (100)361.36Sell
Simple Moving Average (100)364.07Sell
Exponential Moving Average (200)368.21Sell
Simple Moving Average (200)378.12Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)335.52Neutral
Volume Weighted Moving Average (20)339.92Buy
Hull Moving Average (9)353.9Sell

Trade volume

In the recent few candles, the volume saw an increase from 12.7k to 33.8k as the price increased followed by a decrease in price reducing the volume to 9.3k with the 20-candle moving average having a similar value around 26k.


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