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 breaking the midline resistance and touching the upper band
  • Price volatility was high. The market moved ~3.61% between $364.08 and $351.38

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as price observed higher lows with a slight indication of Bollinger band expansion
  • Price at time of publishing: $362.71
  • ETH’s market cap: $41.01 Billion
  • Oscillator indicators are mostly neutral. RSI at 59
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decrease in volume with price decline while an increase with price increasing

Price expected to see an uptrend as price observed higher lows with a slight indication of Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in positive region suggesting bullish bias. RSI at 59, in the neutral region above the midline. CCI with a value of around 134 in the overbought region. Another interesting point to notice here is that the volume observed a decrease in volume with price decline while an increase with price increasing indicating strong buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 134, in the overbought region. RSI with a value of around 59 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)59.34Neutral
Stochastic %K (14, 3, 3)79.12Neutral
Commodity Channel Index (20)134.44Neutral
Average Directional Index (14)12.29Neutral
Awesome Oscillator2.76Buy
Momentum (10)8.19Sell
MACD Level (12, 26)1.93Buy
Stochastic RSI Fast (3, 3, 14, 14)86.83Neutral
Williams Percent Range (14)−3.66Neutral
Bull Bear Power7.81Neutral
Ultimate Oscillator (7, 14, 28)59.36Neutral

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
2`114
NameValueAction
Exponential Moving Average (5)360.37Buy
Simple Moving Average (5)359.73Buy
Exponential Moving Average (10)358.73Buy
Simple Moving Average (10)357.82Buy
Exponential Moving Average (20)357.16Buy
Simple Moving Average (20)357.71Buy
Exponential Moving Average (30)356.07Buy
Simple Moving Average (30)356.45Buy
Exponential Moving Average (50)355.69Buy
Simple Moving Average (50)350.25Buy
Exponential Moving Average (100)359.25Buy
Simple Moving Average (100)360.12Buy
Exponential Moving Average (200)365.19Sell
Simple Moving Average (200)372.97Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)357.76Neutral
Volume Weighted Moving Average (20)357.93Buy
Hull Moving Average (9)362.37Buy

Trade volume

In the recent few candles, the traded volume saw a decrease with price decline while increased with an increase in price, with the total traded volume in between 13.9k and 7.1k being below the 20-candle which had a similar value around 15k.


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