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 slight rejection from the upper band after reaching a month high
  • Price volatility was high. The market moved ~7.5% between $421.47 and $392.06

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price after getting a rejection from the upper band move sideways with higher lows observed with Bollinger band expansion
  • Price at the time of publishing: $414.10
  • ETH’s market cap: $46.75 Billion
  • Oscillator indicators are mostly neutral. RSI at 74
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in volume with a price increase while a decrease in volume with the price decline

Price expected to see an uptrend as the price after getting a rejection from the upper band moved sideways 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 decreasing in positive region suggesting bullish bias. RSI at 74, in the overbought region indicating a downtrend soon. CCI with a value of around 98 in the neutral region. Another interesting point to notice here is that the volume observed an increase in volume with a price increase while a decrease in volume with the price decline indicating weak selling pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 98, in the neutral region. RSI with a value of around 74 in the overbought region.

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)74.7Neutral
Stochastic %K (14, 3, 3)86.35Neutral
Commodity Channel Index (20)98.8Neutral
Average Directional Index (14)34.48Neutral
Awesome Oscillator30.69Buy
Momentum (10)20.87Buy
MACD Level (12, 26)10.75Buy
Stochastic RSI Fast (3, 3, 14, 14)87.27Neutral
Williams Percent Range (14)−14.98Sell
Bull Bear Power24Neutral
Ultimate Oscillator (7, 14, 28)63.97Neutral

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
2114
NameValueAction
Exponential Moving Average (5)412.37Buy
Simple Moving Average (5)414.76Sell
Exponential Moving Average (10)406.28Buy
Simple Moving Average (10)406.12Buy
Exponential Moving Average (20)396.85Buy
Simple Moving Average (20)391.19Buy
Exponential Moving Average (30)391.32Buy
Simple Moving Average (30)386.46Buy
Exponential Moving Average (50)384.89Buy
Simple Moving Average (50)380.43Buy
Exponential Moving Average (100)376.44Buy
Simple Moving Average (100)372.84Buy
Exponential Moving Average (200)370.78Buy
Simple Moving Average (200)362.09Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)392.89Neutral
Volume Weighted Moving Average (20)392.74Buy
Hull Moving Average (9)418.5Sell

Trade volume

In the recent few candles, the traded volume saw an increase from 11.84k to 43.12k with a price increase. Further, the volume saw a decrease to 9.95k as the price decreased, with the 20-candle moving average which increased from 21.8k to 27.1k.


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