Here are the Ethereum technical indicators that suggest its probable next price action. Ethereum is trading at $1504.06, down 5.78% in the last 24 hours. It has a market capitalization of $182,292,207,180 with a trading volume of $20,834,153,753.
Relative Strength Index (RSI)
The relative Strength Index is a momentum indicator that shows whether a coin is trading in an oversold or overbought territory using the 14-day moving average. Oversold and overbought territories signal an imminent price reversal/correction.
The Ethereum Relative Strength Index stands at 66, showing it’s neither trading at oversold nor overbought territory.
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Exchange Netflow, inflow, and outflow
Inflow is the number of coins entering an exchange, while outflow is the number of coins leaving an exchange. Netflow is the difference between inflow and outflow.
Netflow= Inflow – Outflow
The 1 day Ethereum netflow on exchanges stands at -1,595,185.494 with an inflow of 145,169.957 and outflow of 1,740,355.451. The Netflow suggests increasing buying pressure on spot exchanges and low volatility on derivative exchanges.