Market in the last 24hrs ETHUSD saw a slight bullish momentum with price touching the middle Bollinger band. Trading volume remained low in the last 24 hours and volume can be seen decreasing throughout the day suggesting the investors are uncertain about the market.
Today’s Trend analysis As the price almost got over the middle Bollinger band we see the price moving downward however slightly. This could be an indication that the price has accepted the middle Bollinger band as a resistance line and may continue to move in bearish momentum. If there is a sudden jump in the trading volume then we might see the price move in bullish momentum.
Price volatility remained high at approximately 7.5%, with the day's range between $2447— $2630. Price at the time of publishing: $2511 ETH's market cap: $292 Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving a SELL signal, 1 is neutral and 0 are giving a BUY signal.
Volumes have remained low 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 if we do not encounter a sudden jump in trade volume.
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