Market in the last 24 hours The price can be seen moving below the lower Bollinger band after which the price accepted it as a support line and now it can be seen moving along the middle Bollinger band. Trading volume has been moderate and similar throughout the day suggesting a consolidated momentum.
Next 24 hours Trend analysis The price is expected to move to the upper Bollinger band after which it is more likely to oscillate between the upper and the lower Bollinger band.
The price change was low at approximately 1.8%, with the day's range between $3586 — $3623. Price at the time of publishing: $3577 ETH’s market cap: $422 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. ----------------------------------------------------------------------------------------
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. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
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