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 slight downtrend with support from the lower band
- Price volatility was very high. The market moved ~7.86% between $350.93 and $325.36
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price got support from lower band and Bollinger band squeeze continues
- Price at time of publishing: $339
- ETH’s market cap: $38.2Billion
- Oscillator indicators are mostly neutral. RSI at 41
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase until the support was reached and decreased after that
Price expected to see an uptrend as the price got support from lower band and Bollinger band squeeze continues. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with histogram fluctuating in positive direction suggesting bullish bias. RSI at 41, in the neutral region below the midline. CCI with a value of around -51 in the neutral region. Another interesting point to notice here is that the volume observed an increase until the support was reached and decreased after that indicating a weakening buying pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at -51, in the neutral region. RSI with a value of around 41 in the neutral region below 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.
| Sell | Neutral | Buy |
| 0 | 9 | 2 |
| Name | Value | Action |
| Relative Strength Index (14) | 41.54 | Neutral |
| Stochastic %K (14, 3, 3) | 35.85 | Neutral |
| Commodity Channel Index (20) | −51.67 | Neutral |
| Average Directional Index (14) | 44.35 | Neutral |
| Awesome Oscillator | −19.38 | Neutral |
| Momentum (10) | −8.04 | Buy |
| MACD Level (12, 26) | −11.36 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 57.01 | Neutral |
| Williams Percent Range (14) | −58.50 | Neutral |
| Bull Bear Power | −11.84 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 45.26 | Neutral |
Moving Average Indicators
Moving average (MA) indicators indicating 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 |
| 13 | 1 | 3 |
| Name | Value | Action |
| Exponential Moving Average (5) | 337.45 | Buy |
| Simple Moving Average (5) | 336.9 | Buy |
| Exponential Moving Average (10) | 339.9 | Sell |
| Simple Moving Average (10) | 341.3 | Sell |
| Exponential Moving Average (20) | 347.09 | Sell |
| Simple Moving Average (20) | 342.97 | Sell |
| Exponential Moving Average (30) | 355.85 | Sell |
| Simple Moving Average (30) | 351.9 | Sell |
| Exponential Moving Average (50) | 369.47 | Sell |
| Simple Moving Average (50) | 386.36 | Sell |
| Exponential Moving Average (100) | 383.97 | Sell |
| Simple Moving Average (100) | 392.98 | Sell |
| Exponential Moving Average (200) | 380.88 | Sell |
| Simple Moving Average (200) | 399.25 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 352.28 | Neutral |
| Volume Weighted Moving Average (20) | 343.02 | Sell |
| Hull Moving Average (9) | 333.56 | Buy |
Trade volume
In the recent few candles, the volume saw an increase from 15.4k to 58.3k, and as soon as the price got the support from the lower band the volume started to decrease to 15.4k, being below the 20-candle moving average which saw a decrease from 56.5k to 36.4k.
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