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 sideways movement with price moving above and below the midline band
  • Price volatility was low. The market moved ~2.59% between $360.8 and $351.68

Today’s Trend analysis

  • ETHUSD expected to see a sideways movement as price is riding the midline band and expected to continue the same
  • Price at time of publishing: $355.15
  • ETH’s market cap: $40.16 Billion
  • Oscillator indicators are mostly neutral. RSI at 51
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators moved from above the 20-candle moving average to below the 20-candle moving average

Price expected to see a sideways movement as price is riding the midline band and expected to continue the same. 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 51, in the neutral region above the midline. CCI with a value of around -19 in the neutral region. Another interesting point to notice here is that the volume moved from above the 20-candle moving average to below the 20-candle moving average indicating a bearish volume-weighted moving average.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -19, in the neutral region. RSI with a value of around 51 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
191
NameValueAction
Relative Strength Index (14)51.28Neutral
Stochastic %K (14, 3, 3)38.05Neutral
Commodity Channel Index (20)−19.84Neutral
Average Directional Index (14)12.36Neutral
Awesome Oscillator3.01Neutral
Momentum (10)−9.15Buy
MACD Level (12, 26)1.49Sell
Stochastic RSI Fast (3, 3, 14, 14)25.87Neutral
Williams Percent Range (14)−68.78Neutral
Bull Bear Power−2.87Neutral
Ultimate Oscillator (7, 14, 28)55.01Neutral

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
11`15
NameValueAction
Exponential Moving Average (5)356.55Sell
Simple Moving Average (5)356.66Sell
Exponential Moving Average (10)356.61Sell
Simple Moving Average (10)356.56Sell
Exponential Moving Average (20)355.63Buy
Simple Moving Average (20)356.67Sell
Exponential Moving Average (30)354.73Buy
Simple Moving Average (30)354.73Buy
Exponential Moving Average (50)354.89Buy
Simple Moving Average (50)348.2Buy
Exponential Moving Average (100)359.35Sell
Simple Moving Average (100)360.79Sell
Exponential Moving Average (200)365.61Sell
Simple Moving Average (200)374Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)357.27Neutral
Volume Weighted Moving Average (20)357.42Sell
Hull Moving Average (9)357.47Sell

Trade volume

In the recent few candles, the traded volume was between 8.3k and 3.1k being above 20-candle moving average to below the 20-candle moving average with the 20-candle moving average increasing from 4.5k to 5.3k.


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