Market in the last 24hrs
ETHUSD saw a major bearish trend in the last 24 hours with price continuously rejecting the Bollinger band. Trading volume has been very low in the last 24 hours we can see a rise in volume with a decrease in price which could be an indication of a trend reversal.
Today’s Trend analysis
The price is expected to continue the current trend as long as it is kept on rejecting the Bottom Bollinger bands as a support line. The trend line is also a major support line and as long as the price stays above it there is a chance of recovery else we may see the price touch its newest low in the past 6 months which can be followed by a continuation of a bearish trend.
Price volatility was extremely high at approximately 20.5%, with the day's range between $1890— $2277.
Price at the time of publishing: $1939
ETH's market cap: $232Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving a SELL signal, 1 is neutral and 1 is giving a BUY signal.
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 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 major bearish trend in the last 24 hours with price continuously rejecting the Bollinger band. Trading volume has been very low in the last 24 hours we can see a rise in volume with a decrease in price which could be an indication of a trend reversal.
Today’s Trend analysis
The price is expected to continue the current trend as long as it is kept on rejecting the Bottom Bollinger bands as a support line. The trend line is also a major support line and as long as the price stays above it there is a chance of recovery else we may see the price touch its newest low in the past 6 months which can be followed by a continuation of a bearish trend.
Price volatility was extremely high at approximately 20.5%, with the day's range between $1890— $2277.
Price at the time of publishing: $1939
ETH's market cap: $232Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving a SELL signal, 1 is neutral and 1 is giving a BUY signal.
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 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!
