The daily candle
Ethereum closed the October 8 daily candle at $2,474, down 3.85% on the day, after trading between $2,405 and $2,586. What stands out on the daily chart: below 50-day average, volume spike.
Moving averages
The close of $2,474 is 7.6% below the 20-day average ($2,677).
The close of $2,474 is 3.0% below the 50-day average ($2,550).
Momentum: RSI and MACD
The 14-day RSI reads 37.5, between 30 and 70, neither extreme. RSI compares the size of recent up days with recent down days on a 0 to 100 scale.
MACD (12, 26, 9) is 27.4 against a signal line of 58.07, so the MACD line is below its signal. MACD measures the gap between a fast and a slow exponential average.
Volume and range
Volume on the day was 1.82 times its 20-day average. Volume counts how much traded; a move on heavy volume involved more of the market than one on light volume.
The Bollinger Bands (20 days, 2 standard deviations) run from $2,553 to $2,800, and the close is below the lower band.
Over the previous 30 days the highest close was $2,775 and the lowest $2,397.
What it costs to hold a position
Anyone holding a ETH perpetual future pays or receives funding every settlement, and the rate differs by exchange. Today's rates across venues are on the ETH funding page.