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 touching the midline
  • Price volatility was high. The market moved ~5.35% between $390.35 and $370.50

Today’s Trend analysis

  • ETHUSD expected to see a slight downtrend as the price observed midline resistance
  • Price at the time of publishing: $384.54
  • ETH’s market cap: $43.45 Billion
  • Oscillator indicators are mostly neutral. RSI at 47
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a similar value for blue candles while a sudden spike was observed for a red candle

Price expected to see a slight downtrend as the price observed midline resistance. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 47, in the neutral region below the midline. CCI with a value of around -36 in the neutral region. Another interesting point to notice here is that the volume observed a similar value for blue candles while a sudden spike was observed for a red candle indicating a shift from buyers to sellers.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -36, in the neutral region. RSI with a value of around 47 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
182
NameValueAction
Relative Strength Index (14)47.28Neutral
Stochastic %K (14, 3, 3)46.84Neutral
Commodity Channel Index (20)−36.97Neutral
Average Directional Index (14)15.08Neutral
Awesome Oscillator−2.10Neutral
Momentum (10)−1.52Buy
MACD Level (12, 26)−1.53Buy
Stochastic RSI Fast (3, 3, 14, 14)53.06Neutral
Williams Percent Range (14)−60.17Neutral
Bull Bear Power0.5Sell
Ultimate Oscillator (7, 14, 28)59.71Neutral

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
1313
NameValueAction
Exponential Moving Average (5)384.56Sell
Simple Moving Average (5)384.84Sell
Exponential Moving Average (10)384.43Sell
Simple Moving Average (10)382.44Buy
Exponential Moving Average (20)385.45Sell
Simple Moving Average (20)386.56Sell
Exponential Moving Average (30)386.59Sell
Simple Moving Average (30)386.04Sell
Exponential Moving Average (50)388.29Sell
Simple Moving Average (50)388.68Sell
Exponential Moving Average (100)387.59Sell
Simple Moving Average (100)392.58Sell
Exponential Moving Average (200)382.04Buy
Simple Moving Average (200)377.28Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)387.47Neutral
Volume Weighted Moving Average (20)386.64Sell
Hull Moving Average (9)388.14Sell

Trade volume

In the recent few candles, the traded volume observed a similar value for blue candles i.e. with the price increasing while a sudden spike was observed for red candles i.e. a decline in price, making the total traded volume between 53.5k and 7.03k. The 20-candle moving average saw a slight increase from 15.7k to 17.17k.


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