ETHUSD to see a sideways movement(4hr) | Price riding midline

Market in last 24hrs

• ETHUSD saw a sideways movement with price moving above and below the midline band
  
• Price volatility was low. The market moved ~2.59% between $360.8 and $351.68
  

Today’s Trend analysis

• ETHUSD expected to see a sideways movement as price is riding the midline band and expected to continue the same
  
• Price at time of publishing: $355.15
  
• ETH’s market cap: $40.16 Billion
  
• Oscillator indicators are mostly neutral. RSI at 51
  
• Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  
• Volume indicators moved from above the 20-candle moving average to below the 20-candle moving average
  

Price expected to see a sideways movement as price is riding the midline band and expected to continue the same. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size increasing in negative region suggesting bearish bias. RSI at 51, in the neutral region above the midline. CCI with a value of around -19 in the neutral region. Another interesting point to notice here is that the volume moved from above the 20-candle moving average to below the 20-candle moving average indicating a bearish volume-weighted moving average.
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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 4Hr 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