ETHUSD - Sideways Today. Price Technical Analysis #17

The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.

This is #17 of ETHUSD daily technical analysis, provided by Mudrex.

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Market in last 24 hrs
- ETH price has been volatile, moving in range $173 – $187
- Price is above crucial level $178.1
- Price at time of publishing: $178.8

Today’s Trend analysis
Price should move sideways today. Oscillators are mostly neutral. CCI is almost at 0 and RSI at 50. Overall, momentum is neutral.
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral
- ‘Moving average‘ indicators are are mixed

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Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.

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After the oil crash yesterday, ETHUSD, BTCUSD and global markets saw a steep fall too.

As oil has recovered, so has BTCUSD and ETHUSD.