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 consolidation after declining and getting support from lower band
- Price volatility was very high. The market moved ~4.74% between $382.21 and $364.89
Today’s Trend analysis
- ETHUSD expected to see an uptrend and get rejected from the midline as the price has been trading inside the bands with lower band as support and upper as resistance, with midline acting as support as well as resistance but hasn’t allowed the price to break it in the first attempt
- Price at time of publishing: $373.8
- ETH’s market cap: $42.1 Billion
- Oscillator indicators are mostly neutral. RSI at 44
- Moving average indicators are suggesting a downptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase as the price decreased and saw a decrease as the price saw an uptrend
Price expected to see an uptrend and get rejected from the midline as the price has been trading inside the bands with lower band as support and upper as resistance, with midline acting as support as well as resistance but hasn’t allowed the price to break it in the first attempt. Most of the Oscillator indicators are neutral. MACD line approaching the signal line from below, with the histogram size decreasing in negative region suggesting bearish bias. RSI at 44, in the neutral region below the midline. CCI with a value of around -101 in the oversold region with an upmove from -240. Another interesting point to notice here is that the Bollinger band squeeze taking place and volume observed an increase as the price decreased and saw a decrease as the price saw an uptrend to indicate a weakening buying pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at -101, in the oversold region with an upmove. RSI with a value of around 44 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 |
| 3 | 8 | 0 |
| Name | Value | Action |
| Relative Strength Index (14) | 44.76 | Neutral |
| Stochastic %K (14, 3, 3) | 34.64 | Neutral |
| Commodity Channel Index (20) | −101.61 | Neutral |
| Average Directional Index (14) | 17.16 | Neutral |
| Awesome Oscillator | −4.93 | Sell |
| Momentum (10) | −11.42 | Sell |
| MACD Level (12, 26) | −0.96 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 18.32 | Neutral |
| Williams Percent Range (14) | −63.83 | Neutral |
| Bull Bear Power | −5.20 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 52.66 | Neutral |
Moving Average Indicators
Moving average (MA) indicators indicating an uptrend. 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 |
| 3 | 1 | 13 |
| Name | Value | Action |
| Exponential Moving Average (5) | 374.07 | Sell |
| Simple Moving Average (5) | 372.27 | Buy |
| Exponential Moving Average (10) | 376.17 | Sell |
| Simple Moving Average (10) | 377.38 | Sell |
| Exponential Moving Average (20) | 377.77 | Sell |
| Simple Moving Average (20) | 380.58 | Sell |
| Exponential Moving Average (30) | 377.51 | Sell |
| Simple Moving Average (30) | 379.21 | Sell |
| Exponential Moving Average (50) | 376.35 | Sell |
| Simple Moving Average (50) | 376.08 | Sell |
| Exponential Moving Average (100) | 377.34 | Sell |
| Simple Moving Average (100) | 366.46 | Buy |
| Exponential Moving Average (200) | 377.5 | Sell |
| Simple Moving Average (200) | 387.09 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 378.83 | Neutral |
| Volume Weighted Moving Average (20) | 379.68 | Sell |
| Hull Moving Average (9) | 370.48 | Buy |
Trade volume
In the recent few candles, the volume saw an increase from 5.12k to 23.85k as the price decreased and decreased to 9.07k as the price saw an uptrend, with a decline in the 20-candle moving average from 23.2k and 17.3k.
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