ETHUSD saw an uptrend reaching the upper band and getting a rejection from there
Price volatility was high. The market moved ~3.2% between $356.12 and $345.07
Today’s Trend analysis
ETHUSD expected to see a decline and get support from the midline to move sideways as price got resistance from the upper band
Price at the time of publishing: $351.35
ETH’s market cap: $39.6 Billion
Oscillator indicators are mostly neutral. RSI at 50
Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
Volume indicators observed a decrease in volume with price decline while an increase with price increasing
Price expected to see a decline and get support from the midline to move sideways as price got resistance from the upper band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in positive region suggesting bullish bias. RSI at 50, in the neutral region close to the midline. CCI with a value of around 77 in the neutral region. Another interesting point to notice here is that the volume observed a decrease in volume with price decline while an increase with price increasing indicating strong buying pressure. ----------------------------------------------------------------------------------------
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 .