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 an uptrend with price riding the upper band
  • Price volatility was high. The market moved ~6.95% between $402.62 and $376.44

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price is riding the upper band with higher lows observed with Bollinger band expansion
  • Price at the time of publishing: $395.59
  • ETH’s market cap: $44.67 Billion
  • Oscillator indicators are mostly neutral. RSI at 68
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a change from a decrease in volume with a price increase to a decrease in volume with the price decline

Price expected to see an uptrend as the price is riding the upper band with higher lows observed with Bollinger band expansion. 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 68, in the neutral region above the midline. CCI with a value of around 147 in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed a change from a decrease in volume with a price increase to a decrease in volume with the price decline indicating a shift from buyers to sellers.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 147, in the overbought region. RSI with a value of around 68 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
173
NameValueAction
Relative Strength Index (14)68.78Neutral
Stochastic %K (14, 3, 3)75.92Neutral
Commodity Channel Index (20)147.55Sell
Average Directional Index (14)24.53Neutral
Awesome Oscillator17.26Buy
Momentum (10)23.54Buy
MACD Level (12, 26)4.89Buy
Stochastic RSI Fast (3, 3, 14, 14)97.64Neutral
Williams Percent Range (14)−19.45Neutral
Bull Bear Power19.31Neutral
Ultimate Oscillator (7, 14, 28)46.22Neutral

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
1115
NameValueAction
Exponential Moving Average (5)391.18Buy
Simple Moving Average (5)392.79Buy
Exponential Moving Average (10)386.68Buy
Simple Moving Average (10)383.86Buy
Exponential Moving Average (20)382.04Buy
Simple Moving Average (20)380.06Buy
Exponential Moving Average (30)379.73Buy
Simple Moving Average (30)377.27Buy
Exponential Moving Average (50)376.75Buy
Simple Moving Average (50)376.09Buy
Exponential Moving Average (100)371.53Buy
Simple Moving Average (100)369.02Buy
Exponential Moving Average (200)368.04Buy
Simple Moving Average (200)361.16Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)383.36Neutral
Volume Weighted Moving Average (20)382.49Buy
Hull Moving Average (9)397.17Sell

Trade volume

In the recent few candles, the traded volume saw a decrease from 26.1k to 10.17k with a price increase. Further, the volume saw an increase in 74.99k as the price decreased. The traded volume was above the 20-candle moving average which increased from 11.5k to 21.1k.


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