Market in the last 24hrs
ETHUSD saw a bullish trend in the last 24 with price testing the upper Bollinger band as a resistance line the entire day. Trading volume has been moderate in the last 24 hours. The price can be seen increasing with a decrease in volume which could be an indication of a reversal.
Today’s Trend analysis
Price has been testing the upper Bollinger band as a resistance line for a very long time and looks like we are about to see some movement from the price. The volume can be seen decreasing with an increase in price which usually indicates a trend reversal in the future. There is a chance that we might still see some jump from the price as it keeps on rejecting the upper band as a resistance line, thus resulting in a continuation of a bullish trend.
Price volatility was high at approximately 6.23%, with the day's range between $1981— $2166.
Price at the time of publishing: $2419
ETH's market cap: $250.5 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 2 are giving a SELL signal, 1 is neutral and 12 are giving a BUY signal.
Volumes have remained moderate in the past 24 hours. The price can be seen increasing with a decrease in volume which could be an indication of a reversal.
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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 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 saw a bullish trend in the last 24 with price testing the upper Bollinger band as a resistance line the entire day. Trading volume has been moderate in the last 24 hours. The price can be seen increasing with a decrease in volume which could be an indication of a reversal.
Today’s Trend analysis
Price has been testing the upper Bollinger band as a resistance line for a very long time and looks like we are about to see some movement from the price. The volume can be seen decreasing with an increase in price which usually indicates a trend reversal in the future. There is a chance that we might still see some jump from the price as it keeps on rejecting the upper band as a resistance line, thus resulting in a continuation of a bullish trend.
Price volatility was high at approximately 6.23%, with the day's range between $1981— $2166.
Price at the time of publishing: $2419
ETH's market cap: $250.5 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 2 are giving a SELL signal, 1 is neutral and 12 are giving a BUY signal.
Volumes have remained moderate in the past 24 hours. The price can be seen increasing with a decrease in volume which could be an indication of a reversal.
----------------------------------------------------------------------------------------
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 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!
