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 the price riding the upper band
  • Price volatility was very high. The market moved ~5.05% between $404.57 and $385.09

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price is riding the upper band with recent candle having the same value for open and low indicating a gap up in Bollinger band
  • Price at the time of publishing: $399.32
  • ETH’s market cap: $45.25 Billion
  • Oscillator indicators are mostly neutral. RSI at 63
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in value as the price increase

Price expected to see an uptrend as the price is riding the upper band with a recent candle having the same value for open and low indicating a gap up in Bollinger band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 63, in the neutral region above the midline with an up move. CCI with a value of around 195 in the overbought region indicating a downtrend. Another interesting point to notice here is that the Bollinger band started to expand and the volume observed an increase in value with price increasing indicating a strong buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 195, in the overbought region. RSI with a value of around 63 above 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
272
NameValueAction
Relative Strength Index (14)63.82Neutral
Stochastic %K (14, 3, 3)84.76Neutral
Commodity Channel Index (20)195.72Sell
Average Directional Index (14)18.32Neutral
Awesome Oscillator4.62Buy
Momentum (10)9.72Sell
MACD Level (12, 26)1.25Buy
Stochastic RSI Fast (3, 3, 14, 14)100Neutral
Williams Percent Range (14)−17.04Neutral
Bull Bear Power15.14Neutral
Ultimate Oscillator (7, 14, 28)58.4Neutral

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)396.07Buy
Simple Moving Average (5)394.9Buy
Exponential Moving Average (10)392.81Buy
Simple Moving Average (10)391.02Buy
Exponential Moving Average (20)390.8Buy
Simple Moving Average (20)387.58Buy
Exponential Moving Average (30)390.98Buy
Simple Moving Average (30)387.67Buy
Exponential Moving Average (50)391.6Buy
Simple Moving Average (50)393.85Buy
Exponential Moving Average (100)388.86Buy
Simple Moving Average (100)390.94Buy
Exponential Moving Average (200)381.94Buy
Simple Moving Average (200)375.8Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)389.12Neutral
Volume Weighted Moving Average (20)387.49Buy
Hull Moving Average (9)399.95Buy

Trade volume

In the recent few candles, the traded volume observed an increase from 5.32k to 25.59k as the price increased. The 20-candle moving average saw a decrease from 15.04k to 13.49k.


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