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 followed by upper band rejection from $379.9
  • Price volatility was high. The market moved ~3.15% between $379.94 and $368.31

Today’s Trend analysis

  • ETHUSD expected to see a sideways movement as the price is trading inside the bands with upper band resistance, price to touch midline support and consolidate further
  • Price at the time of publishing: $374.86
  • ETH’s market cap: $42.41 Billion
  • Oscillator indicators are mostly neutral. RSI at 54
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in volume with price increase while a decrease in volume with price decline

Price expected to see a sideways movement as the price is trading inside the bands with upper band resistance, price to touch midline support, and consolidate further. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in positive region suggesting bullish bias. RSI at 54, in the neutral region above the midline. CCI with a value of around 78 in the neutral region. Another interesting point to notice here is that the volume observed an increase in volume with price increase while a decrease in volume with price decline suggesting a strengthened buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 78, in the neutral region. RSI with a value of around 54 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)53.84Neutral
Stochastic %K (14, 3, 3)75.71Neutral
Commodity Channel Index (20)78.08Neutral
Average Directional Index (14)17.55Neutral
Awesome Oscillator1.88Buy
Momentum (10)7.15Sell
MACD Level (12, 26)0.44Buy
Stochastic RSI Fast (3, 3, 14, 14)73.37Neutral
Williams Percent Range (14)−29.73Neutral
Bull Bear Power2.43Neutral
Ultimate Oscillator (7, 14, 28)54.46Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating an uptrend. 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
3113
NameValueAction
Exponential Moving Average (5)374.74Buy
Simple Moving Average (5)375.61Sell
Exponential Moving Average (10)373.59Buy
Simple Moving Average (10)372.9Buy
Exponential Moving Average (20)372.93Buy
Simple Moving Average (20)370.88Buy
Exponential Moving Average (30)372.75Buy
Simple Moving Average (30)372.92Buy
Exponential Moving Average (50)371.34Buy
Simple Moving Average (50)375.14Sell
Exponential Moving Average (100)367.3Buy
Simple Moving Average (100)363.26Buy
Exponential Moving Average (200)365.49Buy
Simple Moving Average (200)360.87Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)371.67Neutral
Volume Weighted Moving Average (20)369.73Buy
Hull Moving Average (9)376.67Sell

Trade volume

In the recent few candles, the traded volume saw an increase from 4.72k to 8.38k with price increase while volume decreased to 4.17k with a decline in price, with the total traded volume being below the 20-candle which had a decrease in value around 11.48k and 10.15k.


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