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 the blog here and on Tradingview here.
Analysis Summary
Market in last 24hrs
- ETHUSD saw a slight rejection from the upper band after reaching a month high
- Price volatility was high. The market moved ~7.5% between $421.47 and $392.06
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price after getting a rejection from the upper band move sideways with higher lows observed with Bollinger band expansion
- Price at the time of publishing: $414.10
- ETH’s market cap: $46.75 Billion
- Oscillator indicators are mostly neutral. RSI at 74
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume with a price increase while a decrease in volume with the price decline
Price expected to see an uptrend as the price after getting a rejection from the upper band moved sideways with higher lows observed with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in positive region suggesting bullish bias. RSI at 74, in the overbought region indicating a downtrend soon. CCI with a value of around 98 in the neutral region. Another interesting point to notice here is that the volume observed an increase in volume with a price increase while a decrease in volume with the price decline indicating weak selling pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at 98, in the neutral region. RSI with a value of around 74 in the overbought 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 |
| 1 | 7 | 3 |
| Name | Value | Action |
| Relative Strength Index (14) | 74.7 | Neutral |
| Stochastic %K (14, 3, 3) | 86.35 | Neutral |
| Commodity Channel Index (20) | 98.8 | Neutral |
| Average Directional Index (14) | 34.48 | Neutral |
| Awesome Oscillator | 30.69 | Buy |
| Momentum (10) | 20.87 | Buy |
| MACD Level (12, 26) | 10.75 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 87.27 | Neutral |
| Williams Percent Range (14) | −14.98 | Sell |
| Bull Bear Power | 24 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 63.97 | Neutral |
Moving Average Indicators
Moving average (MA) indicators indicating an uptrend. 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 |
| 2 | 1 | 14 |
| Name | Value | Action |
| Exponential Moving Average (5) | 412.37 | Buy |
| Simple Moving Average (5) | 414.76 | Sell |
| Exponential Moving Average (10) | 406.28 | Buy |
| Simple Moving Average (10) | 406.12 | Buy |
| Exponential Moving Average (20) | 396.85 | Buy |
| Simple Moving Average (20) | 391.19 | Buy |
| Exponential Moving Average (30) | 391.32 | Buy |
| Simple Moving Average (30) | 386.46 | Buy |
| Exponential Moving Average (50) | 384.89 | Buy |
| Simple Moving Average (50) | 380.43 | Buy |
| Exponential Moving Average (100) | 376.44 | Buy |
| Simple Moving Average (100) | 372.84 | Buy |
| Exponential Moving Average (200) | 370.78 | Buy |
| Simple Moving Average (200) | 362.09 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 392.89 | Neutral |
| Volume Weighted Moving Average (20) | 392.74 | Buy |
| Hull Moving Average (9) | 418.5 | Sell |
Trade volume
In the recent few candles, the traded volume saw an increase from 11.84k to 43.12k with a price increase. Further, the volume saw a decrease to 9.95k as the price decreased, with the 20-candle moving average which increased from 21.8k to 27.1k.
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