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 rejection from upper band
  • Price volatility was very high. The market moved ~5.23% between $368.52 and $350.19

Today’s Trend analysis

  • ETHUSD expected to see a slight downtrend as the price was trading between midline and upper band and after getting resistance from the upper band
  • Price at time of publishing: $355
  • ETH’s market cap: $40.08 Billion
  • Oscillator indicators are mostly neutral. RSI at 50
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators saw an increase for price increase while a decrease for price decrease

Price expected to see a slight downtrend as the price was trading between midline and upper band and after getting resistance from the upper band. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size increasing in negative region suggesting bearish bias. RSI at 50, in the neutral region close to the midline. CCI with a value of around -13 in the neutral region with a slight up move. Another interesting point to notice here is that the volume observed an increase for price increase while a decrease in volume for price decrease indicating a strengthened buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -13, in the neutral region with a slight upmove. RSI with a value of around 50 in the neutral region close to 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
191
NameValueAction
Relative Strength Index (14)51.2Neutral
Stochastic %K (14, 3, 3)31.92Neutral
Commodity Channel Index (20)−6.69Neutral
Average Directional Index (14)16.03Neutral
Awesome Oscillator9.53Neutral
Momentum (10)−0.49Buy
MACD Level (12, 26)2.13Sell
Stochastic RSI Fast (3, 3, 14, 14)7.9Neutral
Williams Percent Range (14)−63.38Neutral
Bull Bear Power−5.85Neutral
Ultimate Oscillator (7, 14, 28)47.73Neutral

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
10`16
NameValueAction
Exponential Moving Average (5)356Sell
Simple Moving Average (5)357.95Sell
Exponential Moving Average (10)356.32Sell
Simple Moving Average (10)357.47Sell
Exponential Moving Average (20)354.69Buy
Simple Moving Average (20)355.23Sell
Exponential Moving Average (30)353.71Buy
Simple Moving Average (30)352.23Buy
Exponential Moving Average (50)354.37Buy
Simple Moving Average (50)347.84Buy
Exponential Moving Average (100)359.67Sell
Simple Moving Average (100)362.21Sell
Exponential Moving Average (200)366.15Sell
Simple Moving Average (200)374.78Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)353.07Neutral
Volume Weighted Moving Average (20)356.53Sell
Hull Moving Average (9)354.59Buy

Trade volume

In the recent few candles, the volume saw an increase with a price increase while decrease as a decrease in price is observed making the total trading volume between 24k and 7.8k, with the 20-candle moving average having a similar value around 14k.


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