Market in the last 24hrs Price has been moving sideways. The price can be seen moving between the upper and the middle Bollinger bands. Trading volume has been on the higher side of the spectrum.
Today’s Trend analysis The price is expected to continue to move in an overall bullish momentum between the upper and middle Bollinger bands. This momentum is expected to continue till the price exits the rising wedge.
Price volatility was very low at approximately 0.36%, with the day's range between $2511 — $2695. Price at the time of publishing: $2454 ETH's market cap: $287 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.
Trading volume has been high in the last 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.