Analysis of ETH/USD for 4h
11/30/2024
Analysis of ETH/USD
Based on the provided data for the ETH/USD pair on a 4-hour interval:1. **Price Movement**: The price of ETH/USD has been fluctuating within a range, with the price closing at $3123.62 on the latest data point.
2. **Relative Strength Index (RSI)**: The RSI values have been relatively low, indicating potential oversold conditions. The RSI values range from 20.08 to 37.61, suggesting a bearish sentiment in the market.
3. **Moving Average Convergence Divergence (MACD)**: The MACD indicator has been negative across all data points, indicating a bearish trend. The MACD histogram has been decreasing, showing weakening bearish momentum.
4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) values have been declining, further supporting the bearish trend.
5. **Price Levels**: The price has been trending downwards, with lower highs and lower lows observed in the data points.
Overall, the analysis suggests a bearish outlook for the ETH/USD pair based on the RSI, MACD, moving averages, and price movement. Traders and investors may consider monitoring the price action for potential entry or exit points in line with the bearish trend.
MACD of ETH/USD
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
