ETHUSD to see slight uptrend(4Hr) | Price to see midline support

Market in last 24hrs

• ETHUSD saw a sideways movement with the price riding the midline Bollinger band
  
• Price volatility was high. The market moved ~3.54% between $603.96 and $583.31
  

Today’s Trend analysis

• ETHUSD expected to see a slight uptrend with the price getting midline support with Bollinger band squeeze
  
• Price at the time of publishing: $598.89
  
• ETH’s market cap: $68.89 Billion
  
• Oscillator indicators are mostly neutral. RSI at 54
  
• Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  
• Volume indicators observed a similar value with a sudden spike in the recent candles
  

Price expected to see a slight uptrend with the price getting midline support with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 54, in the neutral region, above the midline. CCI with a value of around 74 in the neutral region with an up move. Another interesting point to notice here is that the volume observed a similar value with a sudden spike in the recent candles with the volume below the 20-candle moving average, suggesting bullish VWAP.
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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 4Hr candles.

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

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- Mudrex