traderanalysis

ETH to continue its downtrend?(4HOURS)

Short
COINBASE:ETHUSD   Ethereum
Last 24 Hours
ETH has seen a slight uptrend after touching the bottom BB.
Price volatility is high. The market moved -19.96%.

Today's Trend analysis.
1. ETH is expected to see a slight uptrend after touching the bottom BB, but the general movement is in the bearish direction.
2. RSI(14) is at 27.06.
3. Price at the publishing: $2478.83.
4. ETH market cap: $365.1 billion.
5. The oscillators are neutral.
6. Moving average indicators are suggesting a bearish trend.

The price is expected to see a slight uptrend but has high chances of a reversal at the middle line of BB and continuation of the bearish trend. RSI is at 27.06 and is in an oversold condition, thus having chances of a slight uptrend for a few candles. MACD is also indicating a bearish trend as it is moving below the signal line.
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