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Quick glance: As of now, ETHUSD seems to be under some serious selling pressure. The same can be witnessed in Bitcoin and other Altcoins as well.
Market in the last 24hrs
ETH has been struggling to maintain its ground around the $2100 mark. Traded volumes on the 4 hour timeframe are higher than the MA of the volume .
Today’s Trend analysis
ETH has dropped below the long term moving average of 200 MA. It indicates that the overall trend has turned bearish. The higher traded volume confirms the selloff. It's a genuine breakdown and $2000 is on the cards within the next 24 hours, if the volume stays high.
Price volatility remained extremely high at approximately 9.3%, with the day's range between $2126.63 — $2324.74
Price at the time of publishing: $2145.73
ETH's market cap: $249.34 Billion
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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 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Keep supporting:)
-Mudrex
Quick glance: As of now, ETHUSD seems to be under some serious selling pressure. The same can be witnessed in Bitcoin and other Altcoins as well.
Market in the last 24hrs
ETH has been struggling to maintain its ground around the $2100 mark. Traded volumes on the 4 hour timeframe are higher than the MA of the volume .
Today’s Trend analysis
ETH has dropped below the long term moving average of 200 MA. It indicates that the overall trend has turned bearish. The higher traded volume confirms the selloff. It's a genuine breakdown and $2000 is on the cards within the next 24 hours, if the volume stays high.
Price volatility remained extremely high at approximately 9.3%, with the day's range between $2126.63 — $2324.74
Price at the time of publishing: $2145.73
ETH's market cap: $249.34 Billion
- Out of 11 Oscillator indicators, 9 are neutral, and 2 are bearish .
- Out of 15 Moving average indicators, 1 is 'NEUTRAL', 13 are bearish and 1 is bullish .
- Indicator summary is giving a 'SELL' signal on ETHUSD .
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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 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
Keep supporting:)
-Mudrex
