ETHUSD to see an uptrend(4hr)| Price breaks midline bullish MACD

Market in last 24hrs
-ETHUSD saw a sideways movement trading below the midline Bollinger band
-Price volatility was high. The market moved ~4.06%, between $399.25 and $383.66

Today’s Trend analysis
-ETHUSD expected to see a slight uptrend as higher lowers observed
-Price at time of publishing: $397
-ETH’s market cap: $44.6 Billion
-Oscillator indicators are mostly neutral. RSI at 49
-Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed was relatively low around a similar value in the recent candles

Price expected to see a slight uptrend as higher lows observed with the price breaking the midline band. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram size increasing in the positive direction. RSI at 49, close to the midline in the neutral region. CCI with a value of around 30 in the neutral region with an up move. Another interesting point to notice here is that the volume had a similar value in the recent candles.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 D 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
Ethereum (Cryptocurrency)ethereumforecastethereumpriceETHUSDTechnical IndicatorsOscillatorsTrend Analysis

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