Trouble brewing for the short term? Possible levels...
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: ETH faced a retracement after the recent cool-off period following its massive rally. Lately, Ether has been under selling pressure with traded volumes dropping tremendously.
Market in the last 24hrs
The last 24 hours were a period of consolidation, where we saw ETH making largely range bound movements.
Today’s Trend analysis
With BTC dropping below the $45,000 mark, there was a similar profit booking across Ether. ETH dropped below the $3000 mark, and it now faces strong resistance from the psychological 3k mark. The short term trend for ETH remains bearish. The Money Flow Index showed a significant drop lately.
One prudent approach to make use of these dips would be to use accurate algo-trading bots that make the perfect use of scalping.
Price volatility remained low at approximately 3.2%, with the day's range between $2957.95 — $3052.73
Price at the time of publishing: $2991.29
ETH's market cap: $350.50 Billion
Volumes have remained pretty low in the past 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 4 hour candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
Keep supporting:)
-Mudrex
Quick glance: ETH faced a retracement after the recent cool-off period following its massive rally. Lately, Ether has been under selling pressure with traded volumes dropping tremendously.
Market in the last 24hrs
The last 24 hours were a period of consolidation, where we saw ETH making largely range bound movements.
Today’s Trend analysis
With BTC dropping below the $45,000 mark, there was a similar profit booking across Ether. ETH dropped below the $3000 mark, and it now faces strong resistance from the psychological 3k mark. The short term trend for ETH remains bearish. The Money Flow Index showed a significant drop lately.
One prudent approach to make use of these dips would be to use accurate algo-trading bots that make the perfect use of scalping.
Price volatility remained low at approximately 3.2%, with the day's range between $2957.95 — $3052.73
Price at the time of publishing: $2991.29
ETH's market cap: $350.50 Billion
- Out of 11 Oscillator indicators, 7 are neutral, 1 is bearish and 3 are bullish.
- Out of 15 Moving average indicators, 1 is 'NEUTRAL', 10 are bearish and 4 are bullish .
- Indicator summary is giving a BUY signal on ETHUSD .
Volumes have remained pretty low in the past 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 4 hour candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
Keep supporting:)
-Mudrex
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.