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 the blog here and on Tradingview here.


Analysis Summary

Market in last 24hrs

  • ETHUSD saw a decline to reach the lower band support, followed by consolidation
  • Price volatility was high. The market moved ~5.19% between $382.95 and $364.04

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price after getting lower band support observed higher lows
  • Price at the time of publishing: $381.58
  • ETH’s market cap: $43.18 Billion
  • Oscillator indicators are mostly neutral. RSI at 58
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a change from an increase in volume with a price increase to a decrease in volume with the price decline

Price expected to see an uptrend as the price after getting lower band support observed higher lows. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram shifting from negative to positive region suggesting bullish bias. RSI at 58, in the neutral region above the midline. CCI with a value of around 113 in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed a change from an increase in volume with a price increase to a decrease in volume with the price decline indicating a shift from sellers to buyers.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 113, in the overbought region. RSI with a value of around 58 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
092
NameValueAction
Relative Strength Index (14)58.34Neutral
Stochastic %K (14, 3, 3)58.6Neutral
Commodity Channel Index (20)113.51Neutral
Average Directional Index (14)19.84Neutral
Awesome Oscillator−0.06Neutral
Momentum (10)−2.50Buy
MACD Level (12, 26)0.62Buy
Stochastic RSI Fast (3, 3, 14, 14)46.07Neutral
Williams Percent Range (14)−15.50Neutral
Bull Bear Power10.47Neutral
Ultimate Oscillator (7, 14, 28)52Neutral

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
0116
NameValueAction
Exponential Moving Average (5)376.15Buy
Simple Moving Average (5)373.82Buy
Exponential Moving Average (10)375.26Buy
Simple Moving Average (10)375.19Buy
Exponential Moving Average (20)374.74Buy
Simple Moving Average (20)375.29Buy
Exponential Moving Average (30)374.34Buy
Simple Moving Average (30)372.74Buy
Exponential Moving Average (50)373.03Buy
Simple Moving Average (50)375.07Buy
Exponential Moving Average (100)369.13Buy
Simple Moving Average (100)366.73Buy
Exponential Moving Average (200)366.67Buy
Simple Moving Average (200)360.98Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)374.16Neutral
Volume Weighted Moving Average (20)375.65Buy
Hull Moving Average (9)374.81Buy

Trade volume

In the recent few candles, the traded volume saw an increase from 7.5k to 20.9k with a price increase. Further, the volume saw a decline to 10.5 as the price decreased. Followed by an increase in volume with a price increase. The traded volume was above the 20-candle moving average which increased from 9.05k to 11.97k.


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