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 blog here and on Tradingview here.
Analysis Summary
Market in last 24hrs
- ETHUSD saw a downtrend riding the lower band
- Price volatility was high. The market moved ~5.75%, between $416.38 and $393.75
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price moved up after riding the lower band
- Price at time of publishing: $404
- ETH’s market cap: $45.5 Billion
- Oscillator indicators are mostly neutral. RSI at 40
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators saw an increase in volume until reaching a spike and decreasing thereafter
Price expected to see an uptrend as price moved up after riding the lower band. Most of the Oscillator indicators are neutral. MACD line approaching signal line from below, histogram size decreasing in the negative direction. RSI at 40, below the midline in the neutral region. CCI with a value of around -90 in the neutral region with a pull up from oversold region. Another interesting point to notice here is that the volume saw an increase until a spike and then decreased thereafter suggesting a weakening selling pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at -97, in the neutral region pulled up from oversold region. RSI with a value of around 40 below the midline, still 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.
| Sell | Neutral | Buy |
| 3 | 8 | 0 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 40.77 | Neutral |
| Stochastic %K (14, 3, 3) | 29.84 | Neutral |
| Commodity Channel Index (20) | −97.71 | Neutral |
| Average Directional Index (14) | 26.79 | Neutral |
| Awesome Oscillator | −19.09 | Sell |
| Momentum (10) | −13.76 | Sell |
| MACD Level (12, 26) | −4.69 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 42.07 | Neutral |
| Williams Percent Range (14) | −67.01 | Neutral |
| Bull Bear Power | −15.15 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 46.87 | Neutral |
Moving Average Indicators
Moving average (MA) indicators indicating towards 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.
| Sell | Neutral | Buy |
| 10 | 1 | 6 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 407.41 | Sell |
| Simple Moving Average (5) | 405.42 | Buy |
| Exponential Moving Average (10) | 411.29 | Sell |
| Simple Moving Average (10) | 411.59 | Sell |
| Exponential Moving Average (20) | 416.42 | Sell |
| Simple Moving Average (20) | 420.64 | Sell |
| Exponential Moving Average (30) | 417.52 | Sell |
| Simple Moving Average (30) | 423.84 | Sell |
| Exponential Moving Average (50) | 414.59 | Sell |
| Simple Moving Average (50) | 417.46 | Sell |
| Exponential Moving Average (100) | 398.08 | Buy |
| Simple Moving Average (100) | 404.43 | Buy |
| Exponential Moving Average (200) | 362.09 | Buy |
| Simple Moving Average (200) | 351.30 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 420.00 | Neutral |
| Volume Weighted Moving Average (20) | 421.61 | Sell |
| Hull Moving Average (9) | 402.70 | Buy |
Trade volume
In recent few candles, the volume increased from 15.29k to reach a spike at 60.18k followed by a decrease to 15.29k thereafter with the 20-candle moving average behaving in the same manner.
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