ETHUSD - Downward Trend Today. Price Technical Analysis #44

Market in last 24 hrs
- ETHUSD price has been consolidating. Market moved ~3%, between $205 and $211
- Price at time of publishing: $206.6

Today’s Trend analysis
Price should show a weak uptrend today. Most of the Oscillator indicators are neutral with a bias towards buy side. MACD histogram is in positive zone, RSI and CCI are trending up and are currently at 51 and 32 respectively. Overall, marketed conditions imply that the price is going to move up.
- Uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 51
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral

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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.

DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.

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

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- Mudrex