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 the price observed a rejection from the upper band
  • Price volatility was very high. The market moved ~8.58% between $495.68 and $456.50

Today’s Trend analysis

  • ETHUSD expected to see a continued downtrend as the price has declined after getting resistance with Bollinger band squeeze
  • Price at the time of publishing: $472.69
  • ETH’s market cap: $53.64 Billion
  • Oscillator indicators are mostly neutral. RSI at 53
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decline in volume as the price saw a decline in recent candles

Price expected to see a continued downtrend as the price has declined after getting resistance with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram moved from positive to the negative region suggesting bearish bias. RSI at 53, in the neutral region above the midline. CCI with a value of around 26 in the neutral region with a pullback from overbought. Another interesting point to notice here is that the volume observed a decline in volume as the price saw a decline in recent candles indicating a weakening selling pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 26, in the neutral region. RSI with a value of around 53 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
191
NameValueAction
Relative Strength Index (14)53.72Neutral
Stochastic %K (14, 3, 3)49.56Neutral
Commodity Channel Index (20)26.12Neutral
Average Directional Index (14)18.15Neutral
Awesome Oscillator9.12Neutral
Momentum (10)−0.72Buy
MACD Level (12, 26)4.78Sell
Stochastic RSI Fast (3, 3, 14, 14)18.68Neutral
Williams Percent Range (14)−58.99Neutral
Bull Bear Power1.25Neutral
Ultimate Oscillator (7, 14, 28)61.07Neutral

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
6110
NameValueAction
Exponential Moving Average (5)476.33Sell
Simple Moving Average (5)475.71Sell
Exponential Moving Average (10)475.67Sell
Simple Moving Average (10)479.29Sell
Exponential Moving Average (20)472.07Buy
Simple Moving Average (20)470.11Buy
Exponential Moving Average (30)469.01Buy
Simple Moving Average (30)465.58Buy
Exponential Moving Average (50)463.05Buy
Simple Moving Average (50)465.4Buy
Exponential Moving Average (100)447.95Buy
Simple Moving Average (100)445.11Buy
Exponential Moving Average (200)426.1Buy
Simple Moving Average (200)418.22Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)468.3Neutral
Volume Weighted Moving Average (20)473.99Sell
Hull Moving Average (9)475.07Sell

Trade volume

In the recent few candles, the traded volume observed a decrease from 107.8k to 15.27k in the recent candles. The 20-candle moving average 27.05k to 32.92k


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