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 reaching the upper band and getting a rejection from there
  • Price volatility was high. The market moved ~3.2% between $356.12 and $345.07

Today’s Trend analysis

  • ETHUSD expected to see a decline and get support from the midline to move sideways as price got resistance from the upper band
  • Price at the time of publishing: $351.35
  • ETH’s market cap: $39.6 Billion
  • Oscillator indicators are mostly neutral. RSI at 50
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decrease in volume with price decline while an increase with price increasing

Price expected to see a decline and get support from the midline to move sideways as price got resistance from the upper band. 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 50, in the neutral region close to the midline. CCI with a value of around 77 in the neutral 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 77, in the neutral region. 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
182
NameValueAction
Relative Strength Index (14)50.81Neutral
Stochastic %K (14, 3, 3)72.94Neutral
Commodity Channel Index (20)77.59Neutral
Average Directional Index (14)12.71Neutral
Awesome Oscillator−0.69Neutral
Momentum (10)3.31Buy
MACD Level (12, 26)−0.46Buy
Stochastic RSI Fast (3, 3, 14, 14)84.93Neutral
Williams Percent Range (14)−42.96Neutral
Bull Bear Power1.63Sell
Ultimate Oscillator (7, 14, 28)53.87Neutral

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
10`16
NameValueAction
Exponential Moving Average (5)350.93Sell
Simple Moving Average (5)351.13Sell
Exponential Moving Average (10)350.01Buy
Simple Moving Average (10)349.43Buy
Exponential Moving Average (20)349.98Buy
Simple Moving Average (20)347.45Buy
Exponential Moving Average (30)350.55Buy
Simple Moving Average (30)351.21Sell
Exponential Moving Average (50)351.66Sell
Simple Moving Average (50)353.37Sell
Exponential Moving Average (100)355.43Sell
Simple Moving Average (100)353.9Sell
Exponential Moving Average (200)361.8Sell
Simple Moving Average (200)363.48Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)352.08Neutral
Volume Weighted Moving Average (20)344.61Buy
Hull Moving Average (9)353.29Sell

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 between 16.63k and 4.56k being below the 20-candle which had a decrease in value around 16.51k and 13.7k.


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