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 with the price starting to ride the lower Bollinger band
  • Price volatility was very high. The market moved ~25.65% between $603.96 and $480.08

Today’s Trend analysis

  • ETHUSD expected to see a slight uptrend as the price after riding the lower band reached S1 support with Bollinger band expanding
  • Price at the time of publishing: $514.66
  • ETH’s market cap: $58.98 Billion
  • Oscillator indicators are mostly neutral. RSI at 32
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in volume with the decline in price in recent candles

Price expected to see a slight uptrend as the price after riding the lower band reached S1 support with Bollinger band expanding. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 32, in the neutral region below the midline. CCI with a value of around -228 in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume observed an increase in volume with the decline in price in recent candles indicating strong selling pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at around 38, in the neutral region. RSI with a value of around 62 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
362
NameValueAction
Relative Strength Index (14)32.23Neutral
Stochastic %K (14, 3, 3)20.01Neutral
Commodity Channel Index (20)−216.52Buy
Average Directional Index (14)37.46Neutral
Awesome Oscillator−19.45Sell
Momentum (10)−90.94Sell
MACD Level (12, 26)−1.85Sell
Stochastic RSI Fast (3, 3, 14, 14)0.4Buy
Williams Percent Range (14)−74.92Neutral
Bull Bear Power−130.02Neutral
Ultimate Oscillator (7, 14, 28)50.44Neutral

Moving Average Indicators

Moving average (MA) indicators indicating a downtrend. 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
1115
NameValueAction
Exponential Moving Average (5)539.17Sell
Simple Moving Average (5)544.19Sell
Exponential Moving Average (10)558.63Sell
Simple Moving Average (10)570.12Sell
Exponential Moving Average (20)566.91Sell
Simple Moving Average (20)585.79Sell
Exponential Moving Average (30)561.64Sell
Simple Moving Average (30)573.6Sell
Exponential Moving Average (50)545.04Sell
Simple Moving Average (50)539.53Sell
Exponential Moving Average (100)511.01Buy
Simple Moving Average (100)500.43Buy
Exponential Moving Average (200)470.7Buy
Simple Moving Average (200)453.39Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)552.2Neutral
Volume Weighted Moving Average (20)576.08Sell
Hull Moving Average (9)511.19Buy

Trade volume

In the recent few candles, the traded volume observed an increase in volume with the decline in price in the recent candles, with the total traded volume between 20.62k and 141k. The 20-candle moving average increased from 61.1k to 69.3k.


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