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 after the price observed support from the lower Bollinger band
  • Price volatility was high. The market moved ~4.54% between $469.38 and $448.98

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price observed higher lows with the Bollinger band starting to squeeze
  • Price at the time of publishing: $465.57
  • ETH’s market cap: $52.7 Billion
  • Oscillator indicators are mostly neutral. RSI at 57
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a change from increasing with the price increase to decreasing with the price increase

Price expected to see an uptrend as the price observed higher lows with the Bollinger band starting to squeeze. 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 57, in the neutral region above the midline. CCI with a value of around 95 in the neutral region with an up move. Another interesting point to notice here is that the volume observed a change from increasing with the price increase to decreasing with the price increase indicating a weak buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 956, in the neutral region. RSI with a value of around 57 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)57.74Neutral
Stochastic %K (14, 3, 3)80.3Neutral
Commodity Channel Index (20)99.71Neutral
Average Directional Index (14)17.79Neutral
Awesome Oscillator0.62Buy
Momentum (10)9.9Sell
MACD Level (12, 26)0.64Buy
Stochastic RSI Fast (3, 3, 14, 14)95.7Sell
Williams Percent Range (14)−11.45Neutral
Bull Bear Power9.63Neutral
Ultimate Oscillator (7, 14, 28)53.48Neutral

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)461.86Buy
Simple Moving Average (5)462.2Buy
Exponential Moving Average (10)459.69Buy
Simple Moving Average (10)456.28Buy
Exponential Moving Average (20)459.13Buy
Simple Moving Average (20)458.66Buy
Exponential Moving Average (30)458.32Buy
Simple Moving Average (30)460.96Buy
Exponential Moving Average (50)453.97Buy
Simple Moving Average (50)458.24Buy
Exponential Moving Average (100)439.85Buy
Simple Moving Average (100)434.57Buy
Exponential Moving Average (200)419.51Buy
Simple Moving Average (200)411.93Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)459.56Neutral
Volume Weighted Moving Average (20)457.89Buy
Hull Moving Average (9)465.61Buy

Trade volume

In the recent few candles, the traded volume observed an increase from 11.5k to 32.1k as the price increased, followed by a decline in volume to 8.5k with the price increase. The 20-candle moving average had a similar value of around 18k.


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