ETHEREUM - ETH/EUR - 1H - Technical analysis published on 03/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 3,598.17 EUR
My targets
3,442.61 EUR (-2.29%)
3,313.57 EUR (-5.95%)
My analysis
The bearish trend is currently very strong for ETHEREUM - ETH/EUR. As long as the price remains below the resistance at 3,598.17 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 3,442.61 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,313.57 EUR as an objective. Crossing it would then enable sellers to target 2,944.84 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by Pita. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/EUR rating is 3,523.33 EUR. On the day, this instrument lost -3.70% and was traded between 3,513.25 EUR and 3,665.07 EUR over the period. The price is currently at +0.29% from its lowest and -3.87% from its highest.3,513.25
3,665.07
3,523.33
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/EUR indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,944.84 | 3,313.57 | 3,442.61 | 3,523.33 | 3,598.17 | 3,721.37 | 4,150.46 |
| Change (%) | -16.42% | -5.95% | -2.29% | - | +2.12% | +5.62% | +17.80% |
| Change | -578.49 | -209.76 | -80.72 | - | +74.84 | +198.04 | +627.13 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,453.35 | 3,525.53 | 3,592.15 | 3,664.33 | 3,730.95 | 3,803.13 | 3,869.75 |
| Camarilla | 3,620.61 | 3,633.33 | 3,646.06 | 3,658.78 | 3,671.50 | 3,684.23 | 3,696.95 |
| Woodie | 3,450.58 | 3,524.14 | 3,589.38 | 3,662.94 | 3,728.18 | 3,801.74 | 3,866.98 |
| Fibonacci | 3,525.53 | 3,578.55 | 3,611.31 | 3,664.33 | 3,717.35 | 3,750.11 | 3,803.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,423.35 | 2,684.09 | 3,130.79 | 3,391.53 | 3,838.23 | 4,098.97 | 4,545.67 |
| Camarilla | 3,382.93 | 3,447.78 | 3,512.63 | 3,577.48 | 3,642.33 | 3,707.18 | 3,772.03 |
| Woodie | 2,516.32 | 2,730.58 | 3,223.76 | 3,438.02 | 3,931.20 | 4,145.46 | 4,638.64 |
| Fibonacci | 2,684.09 | 2,954.34 | 3,121.29 | 3,391.53 | 3,661.78 | 3,828.73 | 4,098.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,204.75 | 1,638.46 | 2,365.74 | 2,799.45 | 3,526.73 | 3,960.44 | 4,687.72 |
| Camarilla | 2,773.75 | 2,880.17 | 2,986.60 | 3,093.02 | 3,199.44 | 3,305.87 | 3,412.29 |
| Woodie | 1,351.54 | 1,711.85 | 2,512.53 | 2,872.84 | 3,673.52 | 4,033.83 | 4,834.51 |
| Fibonacci | 1,638.46 | 2,081.96 | 2,355.95 | 2,799.45 | 3,242.95 | 3,516.94 | 3,960.44 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.52 | |
| MACD (12,26,9): | -26.2900 | |
| Directional Movement: | -19.81 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 3,568.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,601.65 | |
| Elder Ray (13): | -33.16 | |
| Super Trend (3,10): | 3,668.46 | |
| Zig ZAG (10): | 3,547.23 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 30.10 | |
| TEMA (21): | 3,550.63 | |
| Williams %R (14): | -79.20 | |
| Chande Momentum Oscillator (20): | -98.16 | |
| Repulse (5,40,3): | -0.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 4.00 |
| MA7: | 3,606.13 | |
| MA20: | 3,312.83 | |
| MA50: | 2,739.77 | |
| MA100: | 2,439.10 | |
| MAexp7: | 3,564.90 | |
| MAexp20: | 3,600.99 | |
| MAexp50: | 3,627.62 | |
| MAexp100: | 3,624.19 | |
| Price / MA7: | -2.30% | |
| Price / MA20: | +6.35% | |
| Price / MA50: | +28.60% | |
| Price / MA100: | +44.45% | |
| Price / MAexp7: | -1.17% | |
| Price / MAexp20: | -2.16% | |
| Price / MAexp50: | -2.87% | |
| Price / MAexp100: | -2.78% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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