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| Price | ▲ 0.24% | ▲ 0.53% | ▲ 0.55% | ▼ 0.17% |
| Energy | ▲ 6.9 | ▲ 30.2 | ▲ 47.6 | ▼ 10.0 |
Trend of Bull Bias ETHUSD 1H
▸When ETHUSD is in Bull Bias:
- then ETHUSD moved to higher Market State: 2,436 times — 36.8%
- then ETHUSD moved to lower Market State: 4,178 times — 63.2%
▸Current ETHUSD market energy: 58.36%
- Distance to upper bound of Bull Bias (at 60%): 1.64%
- Distance to lower bound of Bull Bias (at 20.88%): 37.48%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the 1H candle, ETHUSD noted at Bull Bias of Market Energy.
Per the 2AiTrading energy measurement system, Market Energy dropped -10% from the previous candle, from 68.4% to 58.4%.
Time in Bull Bias energy zone: 1 1H Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, ETHUSD Market Energy ranged from -90.2 to +100.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did ETHUSD price and energy show when this 1H candle closed?
When the 1H candle at 15:00 on 10-08-2024 closed, ETHUSD was at 2,629.8, down 0.17% from the previous candle (2,634.27). Market Energy was 58.4%, down 10.0 points from 68.4%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did ETHUSD price move on this 1H candle, and how large is that historically?
ETHUSD closed at 2,629.8, down 0.17% from the previous 1H candle (2,634.27). This drop is larger than 30% of past drops on the 1H timeframe for ETHUSD, across 49,101 candles since 2019.
How did ETHUSD Market Energy change from the previous candle?
Market Energy fell 10 percentage points from the previous candle — from 68.4% to 58.4%. This drop is larger than 52% of past drops on the 1H timeframe for ETHUSD.
Do ETHUSD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was ETHUSD in on the previous 1H candle?
The previous 1H candle had ETHUSD at 68.4%, Bull Critical — when this candle closed, ETHUSD moved down to a lower zone: Bull Critical → Bull Bias.
Where does ETHUSD energy sit within the Bull Bias zone?
At 58.4%, ETHUSD is 1.64 points from the upper boundary of Bull Bias (60%) and 37.48 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 25.9%; GER40 (European equities) in Bull Critical with energy 61%. Against this backdrop, ETHUSD (Bull Bias, 58.4%) lower than GER40; sits in the same state zone as SPX500.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -56.2%. ETHUSD (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for ETHUSD.
Open Energy ChartSee the full 2AiTrading Model data for ETHUSD on the ETHUSD overview →
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