Market in the last 24hrs The price can be seen oscillating between the middle and the upper Bollinger band. Trading volume has been moderate and can be seen decreasing suggesting a consolidated momentum for the price.
Today’s Trend analysis The price is expecting a consolidated movement with a slight indication of a bearish momentum for the next 24 hours. In the long run, we are still looking at a bullish momentum.
Price volatility was very moderate at approximately 5.5%, with the day's range between $2392 — $2480. Price at the time of publishing: $2454 ETH's market cap: $287 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.
Trading volume has been moderate in the last 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.
The price is higher than it was on the 26th yet the current MACD is lower than that on the 26th. I am thinking that this might indicate the price is getting ready to fall very quickly in the near future.
Mudrex
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@aahmc, the price jump is higher on the 26th. MACD is also a momentum-based indicator so if the jump is higher then it will also be higher.