ETHUSD(4Hr) : ETH saw major jump along with other crypto's

26 июл. 2021 г.

Market in the last 24hrs
ETHUSD saw a major uptrend as the price moved above the upper Bollinger band. Trading volume has been high in the last 24 hours. We can see the volume going down with a slight increase in price suggesting we might see a trend reversal and

Today’s Trend analysis
The price is expected to continue a consolidated movement with a slight indication of bullish momentum. This movement is expected to continue till it reaches the middle Bollinger band.

Price volatility was very high at approximately 10.45%, with the day's range between $2147— $2389.
Price at the time of publishing: $2377
ETH's market cap: $278 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 a SELL signal, 1 is neutral and 13 are giving a BUY signal.

Trading volume has been high in the last 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 if we do not encounter a sudden jump in trade volume.

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Any feedback and suggestions would help in further improving the analysis!