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 slight uptrend after getting the lower band
  • Price volatility was very high. The market moved ~12.16% between $538.49 and $480.08

Today’s Trend analysis

  • ETHUSD expected to see a sideways movement as the price has got lower band support and thereby expected to increase until getting midline resistance and fall
  • Price at the time of publishing: $5147.87
  • ETH’s market cap: $59.14 Billion
  • Oscillator indicators are mostly neutral. RSI at 38
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in volume with the decline in price followed by a decrease in volume with an increase in price

Price expected to see a sideways movement as the price has got lower band support and thereby expected to increase until getting midline resistance and fall. 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 38, in the neutral region below the midline. CCI with a value of around -74 in the neutral region. Another interesting point to notice here is that the Bollinger band is expanding and volume observed an increase in volume with the decline in price followed by a decrease in volume with an increase in price indicating weak buying 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
290
NameValueAction
Relative Strength Index (14)38.8Neutral
Stochastic %K (14, 3, 3)30.5Neutral
Commodity Channel Index (20)−74.44Neutral
Average Directional Index (14)38.21Neutral
Awesome Oscillator−50.10Neutral
Momentum (10)−71.95Sell
MACD Level (12, 26)−12.62Sell
Stochastic RSI Fast (3, 3, 14, 14)23.44Neutral
Williams Percent Range (14)−67.39Neutral
Bull Bear Power−27.07Neutral
Ultimate Oscillator (7, 14, 28)51.49Neutral

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
917
NameValueAction
Exponential Moving Average (5)520.28Buy
Simple Moving Average (5)514.2Buy
Exponential Moving Average (10)531.4Sell
Simple Moving Average (10)528.87Sell
Exponential Moving Average (20)546.33Sell
Simple Moving Average (20)565.55Sell
Exponential Moving Average (30)548.21Sell
Simple Moving Average (30)568.36Sell
Exponential Moving Average (50)539.41Sell
Simple Moving Average (50)543.17Sell
Exponential Moving Average (100)511.27Buy
Simple Moving Average (100)503.76Buy
Exponential Moving Average (200)472.8Buy
Simple Moving Average (200)455.9Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)552.2Neutral
Volume Weighted Moving Average (20)551.17Sell
Hull Moving Average (9)513.84Buy

Trade volume

In the recent few candles, the traded volume observed an increase in volume with the decline in price followed by a decrease in volume with an increase in price, with the total traded volume between 20.82k and 155.1k. The 20-candle moving average observed a similar value around 65.3k.


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