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 downtrend followed touching the lower band and moving sideways
  • Price volatility was high. The market moved ~3.71% between $417.86 and $402.92

Today’s Trend analysis

  • ETHUSD expected to see a downtrend as the price has been riding the lower Bollinger band and the band has been moving down
  • Price at the time of publishing: $406.20
  • ETH’s market cap: $45.96 Billion
  • Oscillator indicators are mostly neutral. RSI at 50
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in volume with a price decline with the volume being below the 20-candle moving average

Price expected to see a downtrend as the price has been riding the lower Bollinger band and the band has been moving down. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size decreasing in negative region suggesting bearish bias. RSI at 50, in the neutral region close to the midline. CCI with a value of around -129 in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume observed an increase in volume with a price decline with the volume being below the 20-candle moving average indicating strong selling pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -129, in the oversold region. RSI with a value of around 50 close to the midline in the neutral 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
182
NameValueAction
Relative Strength Index (14)50.23Neutral
Stochastic %K (14, 3, 3)28.99Neutral
Commodity Channel Index (20)−129.94Neutral
Average Directional Index (14)18.14Neutral
Awesome Oscillator3.9Neutral
Momentum (10)−8.64Buy
MACD Level (12, 26)2.99Sell
Stochastic RSI Fast (3, 3, 14, 14)8.18Neutral
Williams Percent Range (14)−82.98Neutral
Bull Bear Power−2.90Buy
Ultimate Oscillator (7, 14, 28)50.61Neutral

Moving Average Indicators

Moving average (MA) indicators indicating a downtrend. 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
917
NameValueAction
Exponential Moving Average (5)407.52Sell
Simple Moving Average (5)407.15Sell
Exponential Moving Average (10)408.63Sell
Simple Moving Average (10)409.52Sell
Exponential Moving Average (20)407.58Sell
Simple Moving Average (20)411.12Sell
Exponential Moving Average (30)404.43Buy
Simple Moving Average (30)407.59Sell
Exponential Moving Average (50)397.97Buy
Simple Moving Average (50)394.62Buy
Exponential Moving Average (100)386.76Buy
Simple Moving Average (100)384.65Buy
Exponential Moving Average (200)377.35Buy
Simple Moving Average (200)366.94Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)406.41Neutral
Volume Weighted Moving Average (20)411.71Sell
Hull Moving Average (9)406.39Sell

Trade volume

In the recent few candles, the traded volume saw a decline, with the volume increasing as the price saw a decline, having low values for red candles, making the total traded volume between 17.33 and 3.56k being below the 20-candle moving average which decreased from 20.09k to 13.39k.


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