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ETHUSD(4Hr) : ETH holding on to a bullish momentum for BINANCE:ETHUSD by Mudrex

Market in the last 24hrs
The price can be seen oscillating between the middle and the upper Bollinger band . Trading volume has been moderate and can be seen decreasing suggesting a consolidated momentum for the price.

Today’s Trend analysis

The price is expecting a consolidated movement with a slight indication of a bearish momentum for the next 24 hours. In the long run, we are still looking at a bullish momentum.

Price volatility was very moderate at approximately 5.5%, with the day’s range between $2392 — $2480.

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, 7 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 moderate 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!

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