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 rejection from midline followed by consolidation with support from lower band
- Price volatility was very high. The market moved ~23.1%, between $385.31 and $313
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price is trading inside the bands and is expected to break the midline after getting support from lower band
- Price at time of publishing: $359.93
- ETH’s market cap: $40 Billion
- Oscillator indicators are mostly neutral. RSI at 48
- Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
- Volume indicators saw an increase in volume as price decreased followed by decrease in volume with price increase
Price expected to see an uptrend as the price is trading inside the bands and is expected to break the midline after getting support from lower band. Most of the Oscillator indicators are neutral. MACD line approaching signal line from below with histogram size decreasing in the negative direction suggesting bearish bias. RSI at 48, below the midline still in the neutral region. CCI is around -12, in the neutral region with an upmove from oversold region. Another interesting point to notice here is that volume saw an increase in volume as price decreased followed by decrease in volume with price increase weak buying pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI is around -12, in the neutral region with an up move. RSI below the midline with a value of around 48 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 | 9 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 48.07 | Neutral |
| Stochastic %K (14, 3, 3) | 51.45 | Neutral |
| Commodity Channel Index (20) | −12.71 | Neutral |
| Average Directional Index (14) | 18.47 | Neutral |
| Awesome Oscillator | −30.17 | Neutral |
| Momentum (10) | −30.19 | Buy |
| MACD Level (12, 26) | −8.63 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 62.85 | Neutral |
| Williams Percent Range (14) | −43.33 | Neutral |
| Bull Bear Power | 0.8 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 52.15 | 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 |
| 6 | 1 | 10 |
| Name | Value | Action |
| Exponential Moving Average (5) | 353.12 | Buy |
| Simple Moving Average (5) | 346.74 | Buy |
| Exponential Moving Average (10) | 355.43 | Buy |
| Simple Moving Average (10) | 355.91 | Buy |
| Exponential Moving Average (20) | 362.59 | Sell |
| Simple Moving Average (20) | 361.97 | Sell |
| Exponential Moving Average (30) | 366.63 | Sell |
| Simple Moving Average (30) | 374.2 | Sell |
| Exponential Moving Average (50) | 363.67 | Sell |
| Simple Moving Average (50) | 386.35 | Sell |
| Exponential Moving Average (100) | 335.55 | Buy |
| Simple Moving Average (100) | 330.16 | Buy |
| Exponential Moving Average (200) | 289.94 | Buy |
| Simple Moving Average (200) | 258.49 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 395.67 | Neutral |
| Volume Weighted Moving Average (20) | 358.67 | Buy |
| Hull Moving Average (9) | 352.49 | Buy |
Trade volume
In the recent candles, the volume observed an increase from 70.1k to 266.4k as the price decreased followed by the volume decrease to 25.4k as the price increased, being below the 20-candle moving average decreased from 227.1k to 156.1k.
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