Market in last 24 hours:
Price Volatility is high. The market moved about 6.39% in the green.
ETH saw a slight uptrend after it touched the bottom BB line and reached near the middle line of BB.
Today’s trend analysis:
Price at the time at publishing: $2780.03
ETH market cap: $381.38 Billion
ETH is expected to resume its bearish trend as ETH just touched the middle line of BB.
The oscillators are neutral. RSI(14) is at 40.5.
Moving Average Indicators are suggesting a bearish trend.
After seeing a slight uptrend after ETH touched the bottom BB, we can see it going back to its original bearish trend as the latest candle is in the red. RSI is at 40.5, though in the neutral zone it is below 50 and is currently moving downwards indicating the bearish trend. Though MACD just went over the signal line and was green for the last candle indicating a bullish trend, that could also be due to the recent rise in ETH price yesterday.
In conclusion, ETH is expected to have a continuation of the bearish trend as the most trend and technical indicators suggest.
Price Volatility is high. The market moved about 6.39% in the green.
ETH saw a slight uptrend after it touched the bottom BB line and reached near the middle line of BB.
Today’s trend analysis:
Price at the time at publishing: $2780.03
ETH market cap: $381.38 Billion
ETH is expected to resume its bearish trend as ETH just touched the middle line of BB.
The oscillators are neutral. RSI(14) is at 40.5.
Moving Average Indicators are suggesting a bearish trend.
After seeing a slight uptrend after ETH touched the bottom BB, we can see it going back to its original bearish trend as the latest candle is in the red. RSI is at 40.5, though in the neutral zone it is below 50 and is currently moving downwards indicating the bearish trend. Though MACD just went over the signal line and was green for the last candle indicating a bullish trend, that could also be due to the recent rise in ETH price yesterday.
In conclusion, ETH is expected to have a continuation of the bearish trend as the most trend and technical indicators suggest.