traderanalysis

ETH to continue its downtrend?(4HOURS)

Short
COINBASE:ETHUSD   Ethereum
Last 24 Hours
ETH has seen a slight uptrend after touching the bottom BB.
Price volatility is high. The market moved -19.96%.

Today's Trend analysis.
1. ETH is expected to see a slight uptrend after touching the bottom BB, but the general movement is in the bearish direction.
2. RSI(14) is at 27.06.
3. Price at the publishing: $2478.83.
4. ETH market cap: $365.1 billion.
5. The oscillators are neutral.
6. Moving average indicators are suggesting a bearish trend.

The price is expected to see a slight uptrend but has high chances of a reversal at the middle line of BB and continuation of the bearish trend. RSI is at 27.06 and is in an oversold condition, thus having chances of a slight uptrend for a few candles. MACD is also indicating a bearish trend as it is moving below the signal line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.