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 increases and declining from the upper band
  • Price volatility was high. The market moved ~3.14% between $384.69 and $372.95

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as price is rising inside the parallel channel, with the price getting lower channel support to increase further
  • Price at the time of publishing: $379.79
  • ETH’s market cap: $42.87 Billion
  • Oscillator indicators are mostly neutral. RSI at 55
  • 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 the price decline

Price expected to see an uptrend as price is rising inside the parallel channel, with the price getting lower channel support to increase 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 55, in the neutral region above the midline. CCI with a value of around 77 in the neutral region with a pullback from overbought. 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 71, in the neutral region. RSI with a value of around 55 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
083
NameValueAction
Relative Strength Index (14)55.3Neutral
Stochastic %K (14, 3, 3)69.89Neutral
Commodity Channel Index (20)71.05Neutral
Average Directional Index (14)23.15Neutral
Awesome Oscillator6.13Buy
Momentum (10)3.07Buy
MACD Level (12, 26)1.91Buy
Stochastic RSI Fast (3, 3, 14, 14)61.03Neutral
Williams Percent Range (14)−36.02Neutral
Bull Bear Power3.66Neutral
Ultimate Oscillator (7, 14, 28)59.42Neutral

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)378.99Sell
Simple Moving Average (5)380.28Sell
Exponential Moving Average (10)377.74Buy
Simple Moving Average (10)378.01Buy
Exponential Moving Average (20)375.92Buy
Simple Moving Average (20)373.96Buy
Exponential Moving Average (30)375Buy
Simple Moving Average (30)373.34Buy
Exponential Moving Average (50)373.09Buy
Simple Moving Average (50)375.88Buy
Exponential Moving Average (100)368.69Buy
Simple Moving Average (100)365.24Buy
Exponential Moving Average (200)366.31Buy
Simple Moving Average (200)361.3Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)373.02Neutral
Volume Weighted Moving Average (20)377.2Buy
Hull Moving Average (9)380.46Sell

Trade volume

In the recent few candles, the traded volume saw an increase from 4.33k to 23.5k with price increase while volume decreased to 5.53k with a decline in price, with the 20-candle which had a decrease in value around 10.4k and 8.3k.


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