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 consolidation after getting the midline support
  • Price volatility was very high. The market moved ~8.18% between $507.69 and $469.29

Today’s Trend analysis

  • ETHUSD expected to see a continued uptrend as the price saw midline support with price started to ride the upper band
  • Price at the time of publishing: $503.40
  • ETH’s market cap: $57.13 Billion
  • Oscillator indicators are mostly neutral. RSI at 72
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decline in volume as the price saw a decline while observed an increase with an increase in price

Price expected to see a continued uptrend as the price saw midline support with price started to ride the upper band. 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 72, in the overbought region indicating a downtrend. CCI with a value of around 265 in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed a decline in volume as the price saw a decline while observed an increase with an increase in price indicating a strong buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 267, in the overbought region. RSI with a value of around 72 also in the overbought 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)72.43Sell
Stochastic %K (14, 3, 3)84.23Neutral
Commodity Channel Index (20)267.29Neutral
Average Directional Index (14)17.39Neutral
Awesome Oscillator14.55Buy
Momentum (10)32.02Sell
MACD Level (12, 26)6.57Buy
Stochastic RSI Fast (3, 3, 14, 14)72.98Neutral
Williams Percent Range (14)−5.08Neutral
Bull Bear Power34.76Neutral
Ultimate Oscillator (7, 14, 28)69.32Neutral

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)489.93Buy
Simple Moving Average (5)485.63Buy
Exponential Moving Average (10)483.89Buy
Simple Moving Average (10)480.66Buy
Exponential Moving Average (20)478.27Buy
Simple Moving Average (20)478.79Buy
Exponential Moving Average (30)474.48Buy
Simple Moving Average (30)470.96Buy
Exponential Moving Average (50)467.95Buy
Simple Moving Average (50)468.09Buy
Exponential Moving Average (100)452.48Buy
Simple Moving Average (100)452.22Buy
Exponential Moving Average (200)429.92Buy
Simple Moving Average (200)422.21Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)478.4Neutral
Volume Weighted Moving Average (20)482.06Buy
Hull Moving Average (9)493.89Buy

Trade volume

In the recent few candles, the traded volume observed a decline in value as the price decreased while increased with an increase in price. The total traded volume was between 57.38k and 17.63k. The 20-candle moving average increased from 32.7k to 37.56k.


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