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 1D candles.
You can find price analysis from previous days on blog here and on Tradingview here.
Analysis Summary
Market in last 1 week
- ETHUSD saw a sideways movement with price trying to break the midline but rejecting
- Price volatility was very high. The market moved ~11.58%, between $394.55 and $353.58
Today’s Trend analysis
- ETHUSD expected to see a slight uptrend as the price is trying to break the midline with support from lower band
- Price at time of publishing: $372.03
- ETH’s market cap: $42 Billion
- Oscillator indicators are mostly neutral. RSI at 47
- Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
- Volume indicators saw a decrease in volume for recent candles
Price expected to ee a slight uptrend as the price is trying to break the midline with support from lower band. Most of the Oscillator indicators are neutral. MACD line moving below to signal line with histogram size increasing in the negative direction. RSI at 47, below the midline still in the neutral region. CCI is around -16, in the neutral region. Another interesting point to notice here is that volume saw a decrease in volume for recent candles indicating a weak selling pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI is around -18, in the neutral region. RSI below the midline with a value of around 47 in the neutral region.
Definition:- Oscillator indicators are based on 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.
| Sell | Neutral | Buy |
| 1 | 8 | 2 |
| Name | Value | Action |
| Relative Strength Index (14) | 47.94 | Neutral |
| Stochastic %K (14, 3, 3) | 81.62 | Neutral |
| Commodity Channel Index (20) | −18.22 | Neutral |
| Average Directional Index (14) | 13.05 | Neutral |
| Awesome Oscillator | −8.90 | Neutral |
| Momentum (10) | 3.66 | Buy |
| MACD Level (12, 26) | −2.48 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 82.76 | Sell |
| Williams Percent Range (14) | −32.04 | Neutral |
| Bull Bear Power | 2.84 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 56.89 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are biased towards a downtrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling 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.
| Sell | Neutral | Buy |
| 11 | 1 | 5 |
| Name | Value | Action |
| Exponential Moving Average (5) | 377.7 | Sell |
| Simple Moving Average (5) | 379.26 | Sell |
| Exponential Moving Average (10) | 376.48 | Sell |
| Simple Moving Average (10) | 376.57 | Sell |
| Exponential Moving Average (20) | 378.48 | Sell |
| Simple Moving Average (20) | 377.36 | Sell |
| Exponential Moving Average (30) | 378.67 | Sell |
| Simple Moving Average (30) | 385.09 | Sell |
| Exponential Moving Average (50) | 369.39 | Buy |
| Simple Moving Average (50) | 392.44 | Sell |
| Exponential Moving Average (100) | 334.03 | Buy |
| Simple Moving Average (100) | 322.28 | Buy |
| Exponential Moving Average (200) | 285.91 | Buy |
| Simple Moving Average (200) | 253.95 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 399.35 | Neutral |
| Volume Weighted Moving Average (20) | 377.47 | Sell |
| Hull Moving Average (9) | 385.09 | Sell |
Trade volume
In the recent candles, the volume traded saw ups and downs as the price moved sideways while decreased as the price decreased, the traded volume was between 212.62k and 34.79k being below the 20-candle moving average which changed from 221k to 231k.
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