COIN TELEGRAPH: China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool.
ETH.X's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for ETH.X turned positive on May 23, 2023. Looking at past instances where ETH.X's MACD turned positive, the stock continued to rise in of 62 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on ETH.X as a result. In of 120 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ETH.X advanced for three days, in of 429 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
ETH.X moved below its 50-day moving average on May 31, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ETH.X crossed bearishly below the 50-day moving average on May 10, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETH.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ETH.X broke above its upper Bollinger Band on May 28, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ETH.X entered a downward trend on May 14, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
| 1 Day | |||
|---|---|---|---|
| CRYPTO / NAME | Price $ | Chg $ | Chg % |
| SUN.X | 0.005856 | 0.000113 | +1.96% |
| Sun (New) cryptocurrency | |||
| COCOS.X | 1.730856 | 0.014663 | +0.85% |
| Cocos-BCX cryptocurrency | |||
| BAT.X | 0.213565 | 0.000318 | +0.15% |
| Basic Attention Token cryptocurrency | |||
| BNB.X | 304.953280 | -1.913422 | -0.62% |
| BNB cryptocurrency | |||
| VIDT.X | 0.029343 | -0.000313 | -1.06% |
| VIDT DAO cryptocurrency | |||
ETH.X and
Correlation & Price change
A.I.dvisor indicates that over the last year, ETH.X has been closely correlated with ETHUP.X. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if ETH.X jumps, then ETHUP.X could also see price increases.
| Ticker / NAME | Correlation To ETH.X | 1D Price Change % | ||
|---|---|---|---|---|
| ETH.X | 100% | -0.64% | ||
| ETHUP.X - ETH.X | 99% Closely correlated | -1.85% | ||
| GNO.X - ETH.X | 95% Closely correlated | +0.07% | ||
| BTCUP.X - ETH.X | 91% Closely correlated | -2.92% | ||
| BTC.X - ETH.X | 89% Closely correlated | -1.47% | ||
| RUNE.X - ETH.X | 88% Closely correlated | +0.82% | ||
More | ||||
