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 after midline support
  • Price volatility was very high. The market moved ~6.18% between $368.52 and $347.05

Today’s Trend analysis

  • ETHUSD expected to see a sideways movement as price observed midline support touching upper band with Bollinger band squeeze
  • Price at time of publishing: $363.98
  • ETH’s market cap: $41.08 Billion
  • Oscillator indicators are mostly neutral. RSI at 62
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators saw an increase for blue candle while a decrease for red candles

Price expected to see a sideways movement as price observed midline support touching upper band with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in positive region suggesting bullish bias. RSI at 62, in the neutral region above the midline. CCI with a value of around 177 in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase for blue candles while a decrease in volume for red candles suggesting a shift from sellers to buyers.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 177, in the overbought region indicating a downtrend. RSI with a value of around 62 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
182
NameValueAction
Relative Strength Index (14)62.19Neutral
Stochastic %K (14, 3, 3)73.74Neutral
Commodity Channel Index (20)177.5Neutral
Average Directional Index (14)18.27Neutral
Awesome Oscillator11.67Buy
Momentum (10)8.82Sell
MACD Level (12, 26)3.03Buy
Stochastic RSI Fast (3, 3, 14, 14)72.85Neutral
Williams Percent Range (14)−21.38Neutral
Bull Bear Power12.91Neutral
Ultimate Oscillator (7, 14, 28)59.14Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating an uptrend. 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
3113
NameValueAction
Exponential Moving Average (5)358.89Buy
Simple Moving Average (5)358.72Buy
Exponential Moving Average (10)356.81Buy
Simple Moving Average (10)356.55Buy
Exponential Moving Average (20)353.89Buy
Simple Moving Average (20)353.69Buy
Exponential Moving Average (30)352.88Buy
Simple Moving Average (30)348.01Buy
Exponential Moving Average (50)353.99Buy
Simple Moving Average (50)349.15Buy
Exponential Moving Average (100)359.93Buy
Simple Moving Average (100)362.75Sell
Exponential Moving Average (200)366.54Sell
Simple Moving Average (200)375.38Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)346.22Neutral
Volume Weighted Moving Average (20)352.69Buy
Hull Moving Average (9)360.36Buy

Trade volume

In the recent few candles, the volume saw a decrease in value for red candles while an increase in value for blue candles with the total traded volume 21.1k and 7.1k being below the 20-candle moving average which decreased from 19.6k to 14.1k.


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