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 sideways movement with price moving above and below the midline band
- Price volatility was low. The market moved ~2.59% between $360.8 and $351.68
Today’s Trend analysis
- ETHUSD expected to see a sideways movement as price is riding the midline band and expected to continue the same
- Price at time of publishing: $355.15
- ETH’s market cap: $40.16 Billion
- Oscillator indicators are mostly neutral. RSI at 51
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators moved from above the 20-candle moving average to below the 20-candle moving average
Price expected to see a sideways movement as price is riding the midline band and expected to continue the same. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size increasing in negative region suggesting bearish bias. RSI at 51, in the neutral region above the midline. CCI with a value of around -19 in the neutral region. Another interesting point to notice here is that the volume moved from above the 20-candle moving average to below the 20-candle moving average indicating a bearish volume-weighted moving average.
Oscillator indicators
Most of the oscillators are neutral. CCI at -19, in the neutral region. RSI with a value of around 51 in the neutral region above 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 |
| 1 | 9 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 51.28 | Neutral |
| Stochastic %K (14, 3, 3) | 38.05 | Neutral |
| Commodity Channel Index (20) | −19.84 | Neutral |
| Average Directional Index (14) | 12.36 | Neutral |
| Awesome Oscillator | 3.01 | Neutral |
| Momentum (10) | −9.15 | Buy |
| MACD Level (12, 26) | 1.49 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 25.87 | Neutral |
| Williams Percent Range (14) | −68.78 | Neutral |
| Bull Bear Power | −2.87 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 55.01 | 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 |
| 11 | `1 | 5 |
| Name | Value | Action |
| Exponential Moving Average (5) | 356.55 | Sell |
| Simple Moving Average (5) | 356.66 | Sell |
| Exponential Moving Average (10) | 356.61 | Sell |
| Simple Moving Average (10) | 356.56 | Sell |
| Exponential Moving Average (20) | 355.63 | Buy |
| Simple Moving Average (20) | 356.67 | Sell |
| Exponential Moving Average (30) | 354.73 | Buy |
| Simple Moving Average (30) | 354.73 | Buy |
| Exponential Moving Average (50) | 354.89 | Buy |
| Simple Moving Average (50) | 348.2 | Buy |
| Exponential Moving Average (100) | 359.35 | Sell |
| Simple Moving Average (100) | 360.79 | Sell |
| Exponential Moving Average (200) | 365.61 | Sell |
| Simple Moving Average (200) | 374 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 357.27 | Neutral |
| Volume Weighted Moving Average (20) | 357.42 | Sell |
| Hull Moving Average (9) | 357.47 | Sell |
Trade volume
In the recent few candles, the traded volume was between 8.3k and 3.1k being above 20-candle moving average to below the 20-candle moving average with the 20-candle moving average increasing from 4.5k to 5.3k.
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