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 after rejecting from the upper band
  • Price volatility was very high. The market moved ~8.2% between $400.90 and $370.50

Today’s Trend analysis

  • ETHUSD expected to see a slight downtrend as the price saw a downtrend after getting rejected from the upper band with lower highs being observed
  • Price at the time of publishing: $374.72
  • ETH’s market cap: $42.5 Billion
  • Oscillator indicators are mostly neutral. RSI at 36
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in value as the price declined while volume decreased as the price saw an increase

Price expected to see a slight downtrend as the price saw a downtrend after getting rejected from the upper band with lower highs being observed. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 36, in the neutral region below the midline with a down move. CCI with a value of around -188 in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume observed an increase in value as the price declined while volume decreased as the price saw an increase indicating strong selling pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -188, in the oversold region. RSI with a value of around 35 below 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
263
NameValueAction
Relative Strength Index (14)35.46Neutral
Stochastic %K (14, 3, 3)15.44Neutral
Commodity Channel Index (20)−188.20Buy
Average Directional Index (14)19.46Neutral
Awesome Oscillator−5.43Sell
Momentum (10)−14.01Buy
MACD Level (12, 26)−2.53Sell
Stochastic RSI Fast (3, 3, 14, 14)0.35Neutral
Williams Percent Range (14)−87.20Buy
Bull Bear Power−23.18Neutral
Ultimate Oscillator (7, 14, 28)41.77Neutral

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
1511
NameValueAction
Exponential Moving Average (5)380.59Sell
Simple Moving Average (5)381.27Sell
Exponential Moving Average (10)384.13Sell
Simple Moving Average (10)387.61Sell
Exponential Moving Average (20)386.41Sell
Simple Moving Average (20)387.45Sell
Exponential Moving Average (30)387.79Sell
Simple Moving Average (30)386.44Sell
Exponential Moving Average (50)389.44Sell
Simple Moving Average (50)390.58Sell
Exponential Moving Average (100)388.04Sell
Simple Moving Average (100)391.81Sell
Exponential Moving Average (200)381.92Sell
Simple Moving Average (200)376.58Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)387.47Neutral
Volume Weighted Moving Average (20)387.67Sell
Hull Moving Average (9)375.29Buy

Trade volume

In the recent few candles, the traded volume observed an increase in volume as the price decreased while a decline in volume was observed as the price saw an increase, making the total traded volume between 34.58k and 10.77k. The 20-candle moving average saw a slight increase from 13.35k to 15.36k.


About Mudrex

Mudrex platform helps traders build no-code Algo trading bots using Technical analysis based indicators.

Mudrex Invest is a collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Signup today: https://mudrex.com/