Breakout above $2300|Low volume :Will ETH able to hold its level
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Quick glance: As of now, ETHUSD has broken the $2300 mark. The 4hr candle that is forming right now has managed to hold the level so far. But the lack of volume spills concerns. The same can be witnessed in Bitcoin and other Altcoins as well.
In our previous analysis on Bitcoin , we pointed out the consolidation in the markets. The profit booking subsided an BTC rose higher. The momentum carried over to the Altcoins as well.
Market in the last 24hrs
The last 24 hours saw some consolidation after the profit booking session that happened yesterday. ETH recently gave a breakout above the $2300 mark.
Today’s Trend analysis
The traded volumes on the four hour timeframe are pretty close to the Moving Average of the volume . The breakout above $2300 didn't have good volume push either. We can expect Ether to trade in a range-bound consolidation for the next 24 hours.
Price volatility remained high at approximately 7%, with the day's range between $2196.00 — $2349.16.
Price at the time of publishing: $2342.21
ETH's market cap: $273.34 Billion
Out of 11 Oscillator indicators, 8 are neutral, and 3 are bearish .
Out of 15 Moving average indicators, 1 is 'NEUTRAL', and 14 are bullish.
Indicator summary is giving a 'BUY' signal on ETHUSD .
Volumes have remained constant in the past 24 hours.
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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 has broken the $2300 mark. The 4hr candle that is forming right now has managed to hold the level so far. But the lack of volume spills concerns. The same can be witnessed in Bitcoin and other Altcoins as well.
In our previous analysis on Bitcoin , we pointed out the consolidation in the markets. The profit booking subsided an BTC rose higher. The momentum carried over to the Altcoins as well.
Market in the last 24hrs
The last 24 hours saw some consolidation after the profit booking session that happened yesterday. ETH recently gave a breakout above the $2300 mark.
Today’s Trend analysis
The traded volumes on the four hour timeframe are pretty close to the Moving Average of the volume . The breakout above $2300 didn't have good volume push either. We can expect Ether to trade in a range-bound consolidation for the next 24 hours.
Price volatility remained high at approximately 7%, with the day's range between $2196.00 — $2349.16.
Price at the time of publishing: $2342.21
ETH's market cap: $273.34 Billion
Out of 11 Oscillator indicators, 8 are neutral, and 3 are bearish .
Out of 15 Moving average indicators, 1 is 'NEUTRAL', and 14 are bullish.
Indicator summary is giving a 'BUY' signal on ETHUSD .
Volumes have remained constant in the past 24 hours.
----------------------------------------------------------------------------------------
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
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