ETHUSD(4HR) : ETH expected to calm down after a highly volatile
Market in the last 24hrs ETHUSD saw a strong bearish movement in the last 24 hours. The trading volume was high in the last 24 hours and the price seems to be decreasing with the increase in volume traded.
Today’s Trend analysis ETHUSD can see a consolidated movement if the price accepts the bottom Bollinger band as a support line.
Price volatility remained high at approximately 13.9%, with the day's range between $2453— $2850. Price at the time of publishing: $2482.68 ETH's market cap: $301.32 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on ETHUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 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 high 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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