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.
Market in last 24hrs
- ETHUSD saw a downtrend with the price reaching the midline Bollinger band
- Price volatility was very high. The market moved ~13.05% between $636.53 and $563.01
Today’s Trend analysis
- ETHUSD expected to see a slight downtrend with the price observing lower highs with the Bollinger band squeeze
- Price at the time of publishing: $591.99
- ETH’s market cap: $67.40 Billion
- Oscillator indicators are mostly neutral. RSI at 55
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase with an increase in price while a decrease in volume with a decline in price
Price expected to see a slight downtrend with the price observing lower highs with the Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 55, in the neutral region above the midline. CCI with a value of around 17 in the neutral region with a downmove. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in volume with a decline in price indicating weak selling pressure.
Most of the oscillators are neutral. CCI at around 17, in the neutral region. RSI with a value of around 55 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.
|Relative Strength Index (14)||55.73||Neutral|
|Stochastic %K (14, 3, 3)||39.3||Neutral|
|Commodity Channel Index (20)||17.22||Neutral|
|Average Directional Index (14)||24.48||Neutral|
|MACD Level (12, 26)||13||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||2.88||Neutral|
|Williams Percent Range (14)||−63.61||Neutral|
|Bull Bear Power||−12.09||Buy|
|Ultimate Oscillator (7, 14, 28)||60.08||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.
|Exponential Moving Average (5)||592.65||Sell|
|Simple Moving Average (5)||593.02||Sell|
|Exponential Moving Average (10)||593.39||Sell|
|Simple Moving Average (10)||601.72||Sell|
|Exponential Moving Average (20)||584.13||Buy|
|Simple Moving Average (20)||584.84||Buy|
|Exponential Moving Average (30)||575.95||Buy|
|Simple Moving Average (30)||563.14||Buy|
|Exponential Moving Average (50)||563.7||Buy|
|Simple Moving Average (50)||564.02||Buy|
|Exponential Moving Average (100)||537.23||Buy|
|Simple Moving Average (100)||533.93||Buy|
|Exponential Moving Average (200)||496.94||Buy|
|Simple Moving Average (200)||480.64||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||571.72||Neutral|
|Volume Weighted Moving Average (20)||593.36||Sell|
|Hull Moving Average (9)||582.88||Buy|
In the recent few candles, the traded volume observed an increase with an increase in price while a decrease in volume with a decline in price, making the total volume between 16.58k and 158k. The 20-candle moving average observed an increase from 33.5k to 44.3k.
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