Market in the last 24 hours
The price saw a bullish momentum as it moved from the middle to the upper Bollinger band. ETHUSD saw a new ATH. Trading volume has been high in the last 24 hours.
Next 24 hours Trend analysis
As the price touched a new ATH as well as reached the upper Bollinger band which act as a strong resistance line, a correction is most likely will take place and the price is expected to consolidate till it reaches the middle band after which a continuation of bullish momentum is expected.
The price change was high at approximately 6.08%, with the day's range between $4113 — $4401.
Price at the time of publishing: $3965
ETH’s market cap: $512 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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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 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
The price saw a bullish momentum as it moved from the middle to the upper Bollinger band. ETHUSD saw a new ATH. Trading volume has been high in the last 24 hours.
Next 24 hours Trend analysis
As the price touched a new ATH as well as reached the upper Bollinger band which act as a strong resistance line, a correction is most likely will take place and the price is expected to consolidate till it reaches the middle band after which a continuation of bullish momentum is expected.
The price change was high at approximately 6.08%, with the day's range between $4113 — $4401.
Price at the time of publishing: $3965
ETH’s market cap: $512 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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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 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
