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 ~7.26% between $495.68 and $462.10

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price has been riding the upper band with the Bollinger expansion taking place
  • Price at the time of publishing: $472.54
  • ETH’s market cap: $53.7 Billion
  • Oscillator indicators are mostly neutral. RSI at 54
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a change from decreasing with price decline to increase in volume as the price declines

Price expected to see an uptrend as the price has been riding the upper band with the Bollinger expansion taking place. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 54, in the neutral region above the midline. CCI with a value of around 65 in the neutral region with a pullback from overbought. Another interesting point to notice here is that the volume observed a change from decreasing with price decline to increase in volume as the price declines indicating a shift from buyers to sellers.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 62, in the neutral region. RSI with a value of around 54 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
263
NameValueAction
Relative Strength Index (14)54.7Neutral
Stochastic %K (14, 3, 3)81.93Sell
Commodity Channel Index (20)62.87Neutral
Average Directional Index (14)21.4Sell
Awesome Oscillator15.13Buy
Momentum (10)12.21Buy
MACD Level (12, 26)5.61Buy
Stochastic RSI Fast (3, 3, 14, 14)79.51Neutral
Williams Percent Range (14)−48.27Neutral
Bull Bear Power12.45Neutral
Ultimate Oscillator (7, 14, 28)62.06Neutral

Moving Average Indicators

Moving average (MA) indicators indicating an uptrend. 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
5111
NameValueAction
Exponential Moving Average (5)477.46Sell
Simple Moving Average (5)480.35Sell
Exponential Moving Average (10)473.09Sell
Simple Moving Average (10)471.94Sell
Exponential Moving Average (20)467.88Buy
Simple Moving Average (20)463.09Buy
Exponential Moving Average (30)464.93Buy
Simple Moving Average (30)464.22Buy
Exponential Moving Average (50)459.15Buy
Simple Moving Average (50)461.88Buy
Exponential Moving Average (100)444.17Buy
Simple Moving Average (100)440.01Buy
Exponential Moving Average (200)422.92Buy
Simple Moving Average (200)414.97Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)468.3Neutral
Volume Weighted Moving Average (20)467.88Buy
Hull Moving Average (9)487.04Sell

Trade volume

In the recent few candles, the traded volume observed an increase as the price increased, followed by a decrease in volume with price decline. Thereafter increase in volume was observed making the total traded volume between 8.1k and 104.1k. The 20-candle moving average saw an increase from 17.02k to 26.83k.


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