ETHUSD to see an uptrend(4Hr) | Shift from sellers to buyers

Market in last 24hrs

• ETHUSD saw a decline to reach the lower band support, followed by consolidation
  
• Price volatility was high. The market moved ~5.19% between $382.95 and $364.04
  

Today’s Trend analysis

• ETHUSD expected to see an uptrend as the price after getting lower band support observed higher lows
  
• Price at the time of publishing: $381.58
  
• ETH’s market cap: $43.18 Billion
  
• Oscillator indicators are mostly neutral. RSI at 58
  
• Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  
• Volume indicators observed a change from an increase in volume with a price increase to a decrease in volume with the price decline
  

Price expected to see an uptrend as the price after getting lower band support observed higher lows. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram shifting from negative to positive region suggesting bullish bias. RSI at 58, in the neutral region above the midline. CCI with a value of around 113 in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed a change from an increase in volume with a price increase to a decrease in volume with the price decline indicating a shift from sellers to buyers.
----------------------------------------------------------------------------------------

The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.

DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .

----------------------------------------------------------------------------------------

If you find the analysis useful, please like and share our ideas with the community!

- Mudrex