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 reaching the midline Bollinger band
  • Price volatility was very high. The market moved ~13.05% between $636.53 and $563.01

Today’s Trend analysis

  • ETHUSD expected to see a slight downtrend with the price observing lower highs with the Bollinger band squeeze
  • Price at the time of publishing: $591.99
  • ETH’s market cap: $67.40 Billion
  • Oscillator indicators are mostly neutral. RSI at 55
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase with an increase in price while a decrease in volume with a decline in price

Price expected to see a slight downtrend with the price observing lower highs with the Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 55, in the neutral region above the midline. CCI with a value of around 17 in the neutral region with a downmove. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in volume with a decline in price indicating weak selling pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at around 17, in the neutral region. RSI with a value of around 55 in the neutral region above the midline.

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
182
NameValueAction
Relative Strength Index (14)55.73Neutral
Stochastic %K (14, 3, 3)39.3Neutral
Commodity Channel Index (20)17.22Neutral
Average Directional Index (14)24.48Neutral
Awesome Oscillator34.85Neutral
Momentum (10)−7.03Buy
MACD Level (12, 26)13Sell
Stochastic RSI Fast (3, 3, 14, 14)2.88Neutral
Williams Percent Range (14)−63.61Neutral
Bull Bear Power−12.09Buy
Ultimate Oscillator (7, 14, 28)60.08Neutral

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
5111
NameValueAction
Exponential Moving Average (5)592.65Sell
Simple Moving Average (5)593.02Sell
Exponential Moving Average (10)593.39Sell
Simple Moving Average (10)601.72Sell
Exponential Moving Average (20)584.13Buy
Simple Moving Average (20)584.84Buy
Exponential Moving Average (30)575.95Buy
Simple Moving Average (30)563.14Buy
Exponential Moving Average (50)563.7Buy
Simple Moving Average (50)564.02Buy
Exponential Moving Average (100)537.23Buy
Simple Moving Average (100)533.93Buy
Exponential Moving Average (200)496.94Buy
Simple Moving Average (200)480.64Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)571.72Neutral
Volume Weighted Moving Average (20)593.36Sell
Hull Moving Average (9)582.88Buy

Trade volume

In the recent few candles, the traded volume observed an increase with an increase in price while a decrease in volume with a decline in price, making the total volume between 16.58k and 158k. The 20-candle moving average observed an increase from 33.5k to 44.3k.


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