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 sideways movement with the price riding the midline Bollinger band
  • Price volatility was high. The market moved ~3.54% between $603.96 and $583.31

Today’s Trend analysis

  • ETHUSD expected to see a slight uptrend with the price getting midline support with Bollinger band squeeze
  • Price at the time of publishing: $598.89
  • ETH’s market cap: $68.89 Billion
  • Oscillator indicators are mostly neutral. RSI at 54
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a similar value with a sudden spike in the recent candles

Price expected to see a slight uptrend with the price getting midline support with Bollinger band squeeze. 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 54, in the neutral region, above the midline. CCI with a value of around 74 in the neutral region with an up move. Another interesting point to notice here is that the volume observed a similar value with a sudden spike in the recent candles with the volume below the 20-candle moving average, suggesting bullish VWAP.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at around 74, in the neutral region. RSI with a value of around 54 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)54.09Neutral
Stochastic %K (14, 3, 3)82.36Neutral
Commodity Channel Index (20)74.36Neutral
Average Directional Index (14)10.19Neutral
Awesome Oscillator−0.05Neutral
Momentum (10)7.17Sell
MACD Level (12, 26)2.06Buy
Stochastic RSI Fast (3, 3, 14, 14)84.96Neutral
Williams Percent Range (14)−15.66Neutral
Bull Bear Power1.7Buy
Ultimate Oscillator (7, 14, 28)65.46Neutral

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)597.93Buy
Simple Moving Average (5)597.65Buy
Exponential Moving Average (10)596.56Buy
Simple Moving Average (10)597.09Buy
Exponential Moving Average (20)595.25Buy
Simple Moving Average (20)592.81Buy
Exponential Moving Average (30)593.19Buy
Simple Moving Average (30)596.62Buy
Exponential Moving Average (50)586.37Buy
Simple Moving Average (50)592.07Buy
Exponential Moving Average (100)563.96Buy
Simple Moving Average (100)571.23Buy
Exponential Moving Average (200)522.79Buy
Simple Moving Average (200)512.3Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)592.68Neutral
Volume Weighted Moving Average (20)590.73Buy
Hull Moving Average (9)598.96Buy

Trade volume

In the recent few candles, the traded volume observed a similar value with a sudden spike in the recent candles, making the total volume between 12.05k and 22.02k, with the volume being below the 20-candle moving average which decreased from 24.88k to 20.57k.


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