Market in last 24 hours:
The market has seen a slight downtrend with low volatility. The price moved about 1.6% in the red.
The price touched the middle BB line and rejected the bullish trend and it has resumed its ongoing bearish movement.
Today’s trend analysis:
Price at the time of publishing: $2715.96
Market cap of ETH: $321.53 Billion
The oscillators are mostly neutral. RSI(14) is 38.48.
ETH has resumed its bearish trend after rejecting the middle BB line as the support line and is expected to continue this trend for the future.
Moving Average indicators are suggesting a strong bearish trend.
As ETH reached the middle BB line it has resumed its bearish trend and is looking to continue to move in the same direction. It is expected to fall till the next support line which is at around 1.9K. RSI, though in the neutral region it is below 50 and is moving downwards suggesting a bearish trend for the future. MACD has been above the signal line suggesting a bullish trend but in the last candle, the value can be seen going down indicating that there may be a bearish trend in the future.
In conclusion, based on the trend and technical indicators mentioned above, ETH is expected to see a bearish trend for the near future.
The market has seen a slight downtrend with low volatility. The price moved about 1.6% in the red.
The price touched the middle BB line and rejected the bullish trend and it has resumed its ongoing bearish movement.
Today’s trend analysis:
Price at the time of publishing: $2715.96
Market cap of ETH: $321.53 Billion
The oscillators are mostly neutral. RSI(14) is 38.48.
ETH has resumed its bearish trend after rejecting the middle BB line as the support line and is expected to continue this trend for the future.
Moving Average indicators are suggesting a strong bearish trend.
As ETH reached the middle BB line it has resumed its bearish trend and is looking to continue to move in the same direction. It is expected to fall till the next support line which is at around 1.9K. RSI, though in the neutral region it is below 50 and is moving downwards suggesting a bearish trend for the future. MACD has been above the signal line suggesting a bullish trend but in the last candle, the value can be seen going down indicating that there may be a bearish trend in the future.
In conclusion, based on the trend and technical indicators mentioned above, ETH is expected to see a bearish trend for the near future.