Market in last 24hrs
ETHUSD remained in consolidation. Lack of trading volume kept the prices bound within a tight range.
Today’s Trend analysis
ETHUSD could continue to be in the current state as traders appear to be cautious. Any cue of movement in BTCUSD could create a shift in momentum in Ether.
Price volatility remained high at approximately 4.7%, with the day's range between $2527.04 — $2705.72.
Price at the time of publishing: $2589.44
ETH's market cap: $300.82 Billion
However, Indicator summary is giving a 'BUY' signal on ETHUSD .
Out of 11 Oscillator indicators, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 9 are giving a BUY signal.
The calmness in the markets could be the calm before the storm.
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD remained in consolidation. Lack of trading volume kept the prices bound within a tight range.
Today’s Trend analysis
ETHUSD could continue to be in the current state as traders appear to be cautious. Any cue of movement in BTCUSD could create a shift in momentum in Ether.
Price volatility remained high at approximately 4.7%, with the day's range between $2527.04 — $2705.72.
Price at the time of publishing: $2589.44
ETH's market cap: $300.82 Billion
However, Indicator summary is giving a 'BUY' signal on ETHUSD .
Out of 11 Oscillator indicators, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 9 are giving a BUY signal.
The calmness in the markets could be the calm before the storm.
Volumes have remained low in the past 24 hours.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
