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 an upwards movement rejecting from $412
- Price volatility was high. The market moved ~5.1%, between $412 and $392
Today’s Trend analysis
- ETHUSD expected to see a downtrend as the price rejected from upper band with the Bollinger band squeeze
- Price at time of publishing: $395
- ETH’s market cap: $44.5 Billion
- Oscillator indicators are mostly neutral. RSI at 45
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease in volume with a spike with price hitting maximum in last few candles
Price expected to see a downtrend as the price rejected from upper band with the Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line above the signal line, histogram size decreasing in the positive direction. RSI at 45, below to the midline in the neutral region. CCI with a value of around 9 in the neutral region with a down move, after pull back from overbought region. Another interesting point to notice here is that the volume saw a decrease in the recent candles with a spike with the price reaching high suggesting a strong selling pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at 9, in the neutral region with a downmove. RSI with a value of around 45 below to 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 |
| 2 | 7 | 2 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 45.98 | Neutral |
| Stochastic %K (14, 3, 3) | 67.81 | Neutral |
| Commodity Channel Index (20) | 9.47 | Neutral |
| Average Directional Index (14) | 22.59 | Sell |
| Awesome Oscillator | 3.12 | Neutral |
| Momentum (10) | 3.07 | Buy |
| MACD Level (12, 26) | −0.91 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 74.53 | Neutral |
| Williams Percent Range (14) | −55.54 | Neutral |
| Bull Bear Power | −2.94 | Sell |
| Ultimate Oscillator (7, 14, 28) | 54.26 | Neutral |
Moving Average Indicators
Moving average (MA) indicators indicating 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 |
| 13 | 1 | 3 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 400.43 | Sell |
| Simple Moving Average (5) | 402.35 | Sell |
| Exponential Moving Average (10) | 399.51 | Sell |
| Simple Moving Average (10) | 399.51 | Sell |
| Exponential Moving Average (20) | 399.18 | Sell |
| Simple Moving Average (20) | 394.80 | Buy |
| Exponential Moving Average (30) | 400.77 | Sell |
| Simple Moving Average (30) | 399.28 | Sell |
| Exponential Moving Average (50) | 403.22 | Sell |
| Simple Moving Average (50) | 407.78 | Sell |
| Exponential Moving Average (100) | 398.34 | Sell |
| Simple Moving Average (100) | 406.81 | Sell |
| Exponential Moving Average (200) | 371.63 | Buy |
| Simple Moving Average (200) | 375.25 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 399.20 | Neutral |
| Volume Weighted Moving Average (20) | 397.19 | Sell |
| Hull Moving Average (9) | 403.49 | Sell |
Trade volume
In recent few candles, the volume has been decreasing with a spike when the price was at maximum, with the volume decreasing from 33.7k to 12.5k with the spike being observed at 41.25k, with 20-candle moving average decreasing from 23.5k to 20.5k.
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